1 1 Diverse edaphic zone (namely: usar, wastelands, forest area, wetlands, flood prone area and 1 2 fertile lands) were identified in the eastern part of Uttar Pradesh and collected species of 1 3Pleurotus for present study. A total of 39 purified isolates were evaluated for the presence of 1 4 neutraceuticals like proteins, carbohydrates, phenolic and vitamin B 12 along with xenobiotic dye 1 5 degradation capacity for textile dyes (MG and BPB) and production of laccase enzyme 1 6 simultaneously. Isolate no. 06, appeared most distant in dendrogram having two major clusters, 1 7which also showed highest MG degradation capacity, however, other isolates also showed 1 8 excellent degradation of BPB; and the laccase activity was found in the range of 4.03 to 19.13 1 9 IU/ml of crude enzyme extract from mycelia. All the isolates used in the present study, were also 2 0 mounted for their genetic diversity analysis through RAPD. Diversity study revealed gene 2 1 frequency from 0.012 to 0.987 and the average gene diversity for all RAPD loci were 0.244. The 2 2 Shannon Information Index was 0.397. The unbiased genetic similarity among all pairs of 2 3isolates was 0.36 to 0.93 with a mean of 0.64. Significant genetic diversity, nutraceuticals and 2 4 laccase enzyme availability and dye degradation capacity within the studied genus Pleurotus was 2 5 found, which makes necessary to carry out a selection process in each one for superior selection 2 6 not only for human being but also many aquatic as well as other terrestrial flora and fauna. 2 7Present investigation suggest that due to wide range of variation within species, the adaptation of 2 8 strains to different edaphic zones must be taken into account in selection processes. 2 9