The Papaya (Carica papaya L.) is the most economically important fruit in the Caricaceae family. The post harvest losses of papaya in India are estimated at 5-30 percent of total production. Most of the market discarded fruits due to mechanical injury during harvesting, transportation, washing, grading, packaging are practically not using for any processed product preparation, even though they are as good as other fresh fruits except mechanical damage. Market discarded papaya processing is necessary, where it ensures fair returns to the growers to improve their economic condition. Total quantity of production of the papaya is depends on processing methods, the products like papaya jam, papaya squash, papaya Sauce, papaya toffee and papaya nectar can prepared. These products have good consumer demand because of its nutritional and medicinal value. It has more demand for development of diversified value added products from discarded fruits. It provides the employment opportunity for rural mass, increases export demand of value added products and helps in increase the economy of the country.