In a small village of Ilam, Jaya Narayan Sharma and Laxmi Sharma (husband and wife) are living their retired life. Meanwhile, their children who are living in the city are more focused on their own life and career. Living own life arise a problem in the family members which creates distancing when they are in need of each other.

Degree Maaila is the only English graduate in a village, who has returned from a city. As the campus committee is warned to run the English classes properly or bear the consequences of shutting down, they decide to hire him for the job, which he declines. Maaila's love interest and the committee want him to take up the job but he is adamant.

It is hard for Karuna to believe that her husband Krishna is seeking gratification in someone else's arms, and when her friend Anushka suggests as much, she resists. Chetana, battling her own feelings of loss, reaches out for Krishna's extended hand. Against the clamorous backdrop of the age-old Machhendranath festival, a thoroughly contemporary drama plays out in the bylanes and courtyards of Patan town. Through the characters, we glimpse a society in transition, where individuals are left to fend for themselves in the anonymity of the city. The film is steeped with the angst of uncertainty created by an economy in the doldrums, with the anger of youth, and with the befuddlement of elders, as protagonists try to adjust to new realities, some with a care for ethics and some without. This is where Krishna finds himself at the end, as Chetana and Karuna decide for themselves. The air is pregnant with possibilities, but the rains do not arrive in Red Monsoon.