Of the total planned allocation of Rs. 4176.5 crores during Xth plan the UGC is the major recipient and spender of planned resources for university and higher education. Almost 79% of resources are allocated under UGC. Allocation for IGNOU constitutes 10% of plan allocation. Plan allocation for Institutions of Research is of the order of 5% and the National Programme for Women constitutes 6% of plan allocation. There is expected to be a serious shortfall in actual expenditure for IGNOU and the Institutions of Research. There is an expected shortfall of the order of 40% for IGNOU and 28% for Institutions of Research in plan expenditure. The total overall shortfall is likely to be of the order of Rs. 157 crores in university and higher education. It seems that National Program for Women could not take off during X plan period. UGC occupies a crucial role in planned expenditure of resources for higher education. Hence it is important to analyse the actual magnitude and directions of investment of planned resources by the University Grants Commission.