Published Paper Details:

Human Capital Formation and manpower planning have been considered as vital components for augmenting the process of economic growth and development of the nation. Studies have revealed that investments made in human capital formation not only result in acquiring higher rate of returns but also leads to improving the social, physical, and mental well- being of the individual. The National Education Policy (NEP) 2020 too lays a lot of stress on the need and the importance for increasing the gross enrolment ratio of the students at all levels. This certainly demands higher amount of expenditure to be incurred by the authorities. Higher levels of investment expenditure incurred on education will yield not only greater monetary returns but will also create multiplying effects in the economy. The Earn and Learn Scheme (ELS) which has been instituted by the Savitribai Phule Pune University (SPPU) aims at fulfilling this objective of enabling students to develop a multi -faceted personality through a multi-pronged strategy. It provides avenues for students to earn while they learn which unquestionably provides them with monetary benefits, but in the process also provides them with numerous opportunities which leads to the all -round development of the individual. Students enrolling in this scheme are allotted with different kinds of work which provides a scope for them to improve their cognitive and behavioural skills. This study thus aims to analyse whether there has been an observable improvement in the overall academic performance of the students after they had enrolled in the Earn and Learn scheme of the Symbiosis College of Arts and Commerce (SCAC) especially of those students who had been a part of this scheme for a consecutive period of three years. Moreover, it also aims at evaluating the various long term socio-economic advantages accrued by the students in the process of working while learning and earning.