Certain knowledge is transfer from one generation to the next through spoken word, a process known as oral tradition or oral knowledge transfer. Oral knowledge refers to the sharing and preservation of information, stories, and experiences through verbal communication. Oral knowledge are major sources of information which includes cultural and traditional beliefs, historical events, ancestral histories, developmental journey, myths, legends, and skills, among other things. It portrays a geographical and political landscape of a community or a social group. At the same time, since it passes from generation to generation orally and there is no documented form of these information. And at this point, the question arises whether these information’s are in a vulnerable phase of missing out? Proper documentation, archiving is the necessity of the hour to preserve these knowledges for sustainable use by budding generations. The study focuses on perspective of library professionals towards oral traditions and their roles and responsibilities in preserving cultural heritages where the initiatives taken by various institutions to preserve the oral knowledge is studied. To collect data of the study, a structured questionnaire was constructed and distributed among the library professionals of North East India through social media platforms. The results states that library professionals’ holds the responsibilities of collecting, documenting, preserving, and disseminating oral traditions, where technologies like Artificial Intelligence (AI) can be involved. There was unanimous agreement among all respondents that the preservation of oral traditions is crucial and significant. Out of total 68 respondents, 83.82% (57) respondents stated that there are no initiatives taken by their institutions regarding preservation of oral knowledge till the date of response. 5.88% (4) stated that their institutions are planning to act in this regard. And 10.29% (7) institutions have already taken some initiatives of preserving oral traditions. However, awareness of oral traditions among important stockholders like library professionals is not satisfactory. In this regard, culturally rich site like north east India is still in a position where education, awareness about oral knowledge is in theoretical form; without proper practical implementation of theories of creating awareness among people, preservation of our oral heritages for sustainable use will remain a myth.