The formal method of imparting knowledge, education begins right at the pre-school level and goes on to the university levels in the formal channel. This is however, the conservative approach to education and education today has achieved a multi-dimensional personality taking into its sphere a number of other options. Education actually means any channel or form of learning. The formal channel includes the schools, colleges and universities; however, it also includes informal channels and vocations. Everyday life is biggest teacher or educator and everything we learn in our daily lives is a part of education. Language, science, mathematics to learning the crafts, accounting, medicine are all important elements of education.Governments and other institutions are ensuring improvement in educational facilities and huge number of resources of the economy is allotted for the growth and development of the educational facilities and the sector as a whole. An educated nation is one which would be able to successfully progress and develop.