Self-Sustainability in Academic Libraries in the Digital Era

Libraries are storehouses of knowledge and act as disseminating agents for the knowledge producer because knowledge accrued from library is invariably implemented in creating new knowledge. The libraries are agents for knowledge collection, utilization, and dissemination. In all these processes, finance plays a major role. Shrinking budgets (Anna, 1994) and increases in available resources pressure collection development and the disseminating process. The strategies discussed in this chapter can to some extent help in sorting out this financial crisis depending on suitability and implementing standards. Library and information service is a noble service sector. It is not enough to concentrate on issues inside the library, but one needs to widen the service and address issues outside as well, factors like global warming, chronic health disorders, power shortage, diminishing funds, pollution, up to date literature collection, obsolete technologies, and so on.