The first Human Development Report (HDR) was launched by UNDP in 1990 and since then became a popular, HDI (Human Development Index) has widely used for the assessment of the development and social well beings. Since its inception (1990), the human development indices provide a tool for an assessment of country achievements in different areas of human development. Human Development Index is a composite index which is very useful for evaluation of the development of each country. The HDI is a measure of achievement in key dimensions of human development: a long and healthy life, access to knowledge and wisdom and good living. People are real wealth of every nation. The purpose of human development is creating conditions in which its people can live a long life and a healthy and productive benefit. The beauty of HDI methodology is that, it can be apply to create comprehensive picture of peoples human development level and permits comparisons both across countries, regions, and the world and within countries by ethnic groups, urban and rural locations as well as other key household and community characteristics. The present study is also based upon versatile UNDP‟s HDI methodology. Concludly, it is found that the status of the human development of the slum dwellers in Ichalkaranji is low.