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One of the most important ingredients of socio-economic development that has attracted the attention of the planners, policy makers and leaders in the recent past is education. It is an established fact that education is an important catalyst of socio-economic transformation. In the advanced industrial societies of the world, education is provided by the states as a matter of right to all citizens. 1 The role of education was recognised as vital in arousing an awakening among the Indian masses even in the pre-independence era. Its contribution in breaking the shackles of slavery cannot be undermined as far as it helped in the growth of an enlightened intelligentsia, which carried forward not only the movement for independence but also a relentless struggle for socio economic reforms. After independence our planners, policy makers, and leaders placed immense faith in education as an important means of socio-economic transformation and modernization. Since the attainment of independence in 1947 Central and State governments of India very rightly embarked on a crusade against ignorance by expanding the facilities for education at all levels.2 The number of schools and of students attending them began to increase by leaps and bounds all over the country. There is no denying the fact that India has made tremendous progress in the field of education especially after independence. But it may be mentioned here that our present education system is not without maladies and inadequacies.