Actinomycetes commonly known as filamentous, Gram positive, spore forming actinobacteria and considered as connecting between the bacteria and fungi. Currently from last few decades actinomycetes used as a resource for the production of bioactive compounds and nanoparticles. Besides these actinomycetes are also rich sources of various enzyme having industrial importance. The bioactive compounds contain a range of primary or secondary metabolites that help in growth and maintaince of plant as well as human beings. Many bioactive compounds have diverse range of pharmaceutical properties like antibiotics, antimicrobials, antibiotics etc. Now days actinomycetes have also being used in the nanotechnology for the synthesis of various nanoparticles, that are used in sustainable agricultural processes as nano-fertlizers or biocontrol agents. In this chapter we summarize the role of actinomycetes in the sustainable agriculture, or their role in bioactive compound production or in the field of nanotechnology.