In today’s knowledge-driven society, libraries attached to the academic institution are finding it very difficult to manage their knowledge resources and cope up with ever changing and diversified demands of the user community of the academia. Knowledge resources have gained importance and hold the key to scholarly teaching, research and learning environment. Against this backdrop, Resource Learning Centers(RLC) want to equip their students, research scholars and teaching faculties with necessary skills to make them ready to take on the challenges of an ever-evolving society. This requires an educator who is no longer only ‘dispenser of knowledge’ but also a ‘facilitator of learning’. A Learning Object (LO) is a ‘modular digital resource’, a discrete piece of content that has educational value. Learning objects that are stored in database or archives are called Learning Object Repositories (LOR). Faculty members, research scholars and students can make use of these LOR simultaneously and within and between RLCs / academic institutions and enhance the equality of teaching, research and learning process. This papers highlights the concept of LOR and discusses the need for LOR in the RLCs for effective teaching, research and learning. It explores some other practical problems emerging in this context , like academic community participation, quality of learning objects, quality of metadata, etc.