In any society’s growth, developmental institutions played a greater role whether it is Plato’s academy or traditional universities like Nalanda and Thakshashila, for the knowledge production and dissemination. The institutional context has undergone dramatic changes in modern societies. In India, for considering a specific context of knowledge sharing and knowledge management, one of the national policies of government is an appropriate choice for the production and dissemination of knowledge through development institutions. The National Youth Policy 2003 recognizes that an inter-sectoral approach is a pre-requisite for dealing with youth-related issues and therefore, advocates the establishment of a co-ordinating mechanism among the various Central Government Ministries and Departments and the community based organisations and youth bodies for facilitating convergence in youth related schemes, developing integrated policy initiatives for youth programmes. An enquiry is being done here to examine the policy perspective of a leading development institution in India and its contribution for the knowledge production and dissemination for the development of the nation. This paper pays attention to the concept of evidence based policy making and tries to find the answer to the critical question in this aspect like what sort of knowledge is being produced by development institutions and how it reflects in society by following the dictum-knowledge for development and what changes institutions were able to make through the national youth policy.