In a free economy it is the market that decides the demand or even the choices that people make. But the schools that are being run here are no production factories that can be left unregulated. The education system in Kashmir is poor and it was expected that private schools will help the government to fulfill the responsibility of a welfare state by affording education to the poor and needy. The necessity for the private sector to exist and work in tandem with the government to promote education is needed as Union Territory’s spending on education sector is very low, despite the claims made by the government from time to time that it is a priority sector. Jammu and Kashmir is still lagging in its goal of universalization of education and that is why the responsibility also lies on the private sector to come in and help achieve the standards of education here. However, private schools have become factories and pay more attention towards their monetary profits than improving the education set up in Jammu and Kashmir, especially in the Kashmir valley. It is for this reason that the modern day students lack any ingenuity and clarity of purpose, and the education system that prevails in Jammu and Kashmir is only adding to the unemployment level here. There is not only the need to revise the curriculum of the private schools, but also to ensure that they stop the practice of fleecing the students. Private schools are not only charging exorbitant fees, but are even making the people pay heavy donations to get admissions. Opening of a private school is seen more as an attempt to earn profit than to improve the education set up in Kashmir. It is this sheer profit interest that has led to the mushrooming of private schools in Srinagar city and the people have virtually stopped sending their children to government schools. The opening of private schools in city has seriously undermined the role of government schools and it should be the priority of the government to focus on making its schools competitive in Srinagar. The irony continues that while the highly educated teachers are available at the government schools, the results of the private schools in Srinagar are much better. A serious thinking is needed at the government level to improve the education set up in Kashmir and to particularly ensure that private schools don’t overcharge the students.