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Financial viability is the ability to generate income to meet operating payments and where applicable, to allow growth while maintaining service levels. In India, the higher education institutions are playing a prominent role in educating and directing the young generation towards their ambitions and also the number of universities and higher education institutions are increasing year by year. But the process of setting up and running these institutions in an absolutely is a difficult task because of the financial requirement. Many of the higher education institutions are highly depended on the Government funds, Donors, Trustees and other sources. Sometimes, it impacts the fee structure of these institutions. This study helps to find other ways, which will help to avoid the dependency to meet these operating costs. With these innovative practices higher education institutions will become self sustainable and also it empowers the skills and abilities of faculties and students fraternity.