Introduction: Retinopathy of prematurity affects immature retinal vasculature of premature infants. India and other developing countries are facing the third epidemic of ROP. Various risk factors for development of ROP include low gestation, low birth weight, HMD, sepsis, shock, prolonged oxygen therapy, poor nutrition and weight gain, anemia, blood transfusion, IVH. Objective: To determine incidence and risk factors of ROP in neonates of birth weight < 1500 gm and/or gestation <32 weeks. Methods: All the eligible neonates admitted in NICU at GMC, Amritsar from July 2014 to June 2015 were enrolled in this prospective observational study and all neonatal, antenatal and perinatal problems and treatments and interventions done in Neonates were recorded and screening for ROP was done by indirect opthalmoscopy at 4 weeks of postnatal age and followed up till retinal vascularization was complete. Data was analyzed statistically to find incidence and risk factors for ROP. Results: Out of 77 babies screened, 31 babies were found to have ROP of which 9 babies required treatment. The incidence of ROP in this study was 40.3% .Risk Factors for ROP found significant on univariate analysis included birth weight, CPAP , mechanical ventilation, oxygen duration more than 10 days. blood transfusion, Hyaline