We believe that education without the active participation of the community is considered a one-sided activity. It becomes an activity of supply model not that of the demand model. Education, through social activity, has significant economic implications. Therefore, the economic growth of a country, to a large extent, depends on the growth of its educational system, which in turn depends on the degree of participation of the community. Community participation thus assumes critical importance in delivering relevant education. Management of education implies the management of educational goals, programmes and projects. The most significant component of management is the pillar paradigm of educational governance. Managing education includes managing work, motivation and commitment, creativity and innovativeness, competence and confidence. These four components form the major pillars of good personnel management. Community participation in educational management no doubt leads to stakeholders’ participation in decision-making and management of schooling activities at the school level. It makes educational management much more democratic and contextual, besides tapping local knowledge and resources for good governance. Towards improving community participation in educational management, the efforts made by governments and voluntary agencies have been quite remarkable in India. Without community involvement, it would be difficult to improve equity, equality and quality of education.