The modern world essentially needs a chemical industry that can operate with reduced production costs, and produce high-quality products with low environmental impact. The polymer nanocomposite-based flow catalytic membrane reactor where the reaction and separation can be amalgamated in one unit is considered as one of the new alternative solutions to solve these problems. In this review, we have discussed state-of-the-art flow-through catalytic reactors based on polymer nanocomposite membranes. The unique advantages of flow catalysis include uninterrupted operation, good recyclability, and reaction product without contamination that leads to simple purification. Various catalytic model reactions such as coupling, hydrogenation, esterification in the flow system are presented. We have also presented an overview of methods adopted for preparing such nanocomposite membranes. In the last section, a discussion has been made on the recent advances on polymer-based nanocomposite membranes for the degradation and separation of organic pollutants.