India is one of the highly stratified societies in the World. The social stratification system in the caste-class dynamics is very unique in its form and nature. Any academic analyses (including those dealing with educational achievements) on India cannot ignore the impact of these trajectories. For this reason, the educational functionings of the diverse social groups are highly differential in nature. Against this background, the present paper analyses the social implications of educational achievement for diverse groups from an ethnographic perspective. For explanatory purposes, it adopts the Capability Approach as a research framework. The ethnographic reflexive insights have been derived from a restudy of the classical sociological works on Sripuram village in Tamil Nadu. This village has been studied by the renowned Indian Sociologist Andre Beteille in 1960s. He conducted his social anthropological works on caste, class and power dimensions based on field work in this village. The present research by revisiting the same village attempts to work on the dimensions of caste, class with special emphasis on education. Using the Capability Approach as a theoretical guideline, the constitutive as well as instrumental notions of education among the diverse families of the different caste groups in the village are highlighted.