India has largest higher education system in the world, with respect to the number of institutions. Higher education improves an individual’s quality of life. Studies show that, compared to higher school graduates, college graduates have longer life spans, better across to healthcare, better dietary and health practices, greater economic stability and security, more prestigious employment and greater job satisfaction ,less dependency on government assistance, greater knowledge of government , greater community service and leadership, more self confidence and less criminal activity and incarceration. Higher Education, the theoretically will also enable individuals to expand their knowledge and skill, express their thoughts clearly in speech and in writing and Increase their understanding of the world and their community. Without adequate higher education and research institutions providing a critical mass of skilled and educate people, no country can ensure genuine endogenous and sustainable development. In order to achieve the goal of increased access to higher education by all sections of the society and in view of the limited financial resources with central/state government never models of private sector participation may need to be evolved with well defined policies, facilitative norms and monitoring mechanisms.