The word ‘value’ expresses the qualitative significance we assign to ideas, feelings, activities and experiences. There should be continuous search of values through use of intellect and concept of religion. Whatever we study as value education, it is universally applicable at all times and places. In order to check erosion of values, value education has become the need of the hour. Effective strategies and procedures of teaching-learning techniques can inculcate values among individuals. The scope of value education covers a wide range of subjects and their respective values. This study describes and explains the importance of value education for holistic development of individuals and ways of preserving social, moral and spiritual values for the betterment of our society.