Human capital formation faces several challenges, including a rapidly growing population that reduces the availability of resources, brain drain due to the migration of skilled workers, and inefficient manpower planning. The process of human development is slow, and poverty levels are high, making it difficult for a significant portion of the population to access basic health and educational facilities. Inadequate resources, including funding and infrastructure, hinder the development of human capital. Moreover, there are serious inefficiencies in the utilization of educated individuals, with many skills going unutilized or underutilized. Weak performance in science and technology development is another area of concern. Lastly, the lack of proper manpower planning leads to an imbalance between the demand and supply of human resources, resulting in wastage of talent and skills. These challenges need to be addressed to ensure effective human capital formation and sustainable economic growth.