Global agenda 2030 focuses on advancements in education sector for sustainable entrepreneurial economic growth of a nation. On this agenda, the Government of India provisions funds for promoting education sector by launching various schemes. However, there is a theoretical pinning i.e. the theory of maximum / aggregate social advantage that finally equates benefits with costs in the social context of developmental / welfare expenditure. As such provisioned funds cater to quality education for economically and educationally backward population of the country. Based on secondary data, the study analyses the financial feasibility and the effectiveness of government sponsored education sector schemes, aligned with Sustainable Development Goal 4 in hill States / Union Territories in North India. The analysis highlights the contribution of these schemes in quality education upto senior secondary level, the criterion being productive employability. The research explores avenues to bridge gap between ‘Education’ and ‘Employability’. The findings reveal that largely operational schemes is yet to become optimally effective. For transforming the education pattern and producing skilled workforce, the outcome of study proposes unattended dimensions of existing policy framework for researchers, policy makers and other stakeholders
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