The Indian state of Assam is situated in a high rainfall zone and the river Brahmaputra flowing through the state causes annual floods which adversely impact the agro-economic base of the region. The situation is likely to become exacerbated under the impact of climate change. The purpose of this paper is to quantify the vulnerability of the farmers in Assam to floods in the scenario of the present climate variability taking a case study of the Majuli Island of Jorhat district.