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<p>The ponds have been an important resource for water management and usage throughout the history of our human civilization. Humans have been settling their houses around the ponds and rivers for centuries. At present, the increasing scarcity of drinking water and the non-availability of water for agriculture are major environmental crises. Apart from this, the consciousness about the ponds is still alive at the community level in the Mithila Region. Collective wisdom is vital and also adequate to manage and restore ponds to maximize their role in increasing the resilience of ecosystem and as well as for climate change concerns. Pond culture in Mithila is the cultural trait of the community. In Maithili folk tales and fables, the ponds are characterized as the main cultural identity of this land. Cultural practices are the guide for the communities in their usage and taboos of pond water. This paper will provide an insight to local collective wisdom regarding pond conservation and management. The data will be collected through the participant observation, individual interviews, group discussion, attending cultural and religious ceremonies, etc. The study reveals how local collective knowledge and the mechanism behind it helps in maintaining the existence of ponds.&nbsp;</p>