This document discusses the need for a new scheme to conceptualize the cost of education in India as a social responsibility. It notes that ancient India once had world-class higher education institutions thousands of years ago but they declined due to colonization. It argues that it is urgent to revive India's past glory in higher education. It examines various ground realities around the costs of education in India and how they relate more to ethical values than monetary values. The document suggests that new education schemes in India could benefit from principles of empowering women, eradicating social evils, and focusing on rural areas, rather than just focusing on grades or percentages. It also discusses the need to address high educational pressures and suicides among Indian youth.