In India, few systematic studies have been undertaken to evaluate the effectiveness of financing of education in mitigating inequalities in educational opportunity. The study made by Chitnis (1972) presents some facts regarding the situation of scheduled caste students in higher education, in the country in general, and in Maharashtra in particular. In this study, the author has tried to find out the distribution of benefits of educational expenditure among scheduled caste people. By comparing the variables, percentage enrolment and percentage population of scheduled castes, the study tries to find out the quantum of beneficiaries of scheduled caste population.