Indian higher education system has an epic tradition from ancient system. In ancient time, Nalanda, Taxila
(Takshashila), Vikramshila, Valabhi, Somapura, Jagaddala, Odantapuri and Pushpagiri are major ancient universities of India.
These universities were pioneer of Indian higher education system. The students who were residing in these universities for a
long time had taken education in fine arts, medicine, mathematics, politics and the art of war. The students were self-reliant in
terms of livelihood by doing some work in universities. Similarly in current scenario of higher education earn and learn scheme
adopted by different universities and colleges in India under student development/welfare department have been giving selfreliability to poor and economically backward students through inculcating the value based education on hardships and
formations. The current research paper put forward the importance of earn and learn scheme and its economic evaluation
implemented in higher education based .
