Every society of the world has an important duty to provide basic education to all their members so that they can lead an effective life. Especially the elementary level of the education is a period when the intellectual,moral, social, physical, emotional and almost all the capabilities are very high during this time but most of the students are not able to utilize their potential to maximum. A life skills education bridges the gap between ones basic functioning and capabilities. It strengthens ones ability to meet the needs and demands of the present society and develops the skills needed to deal with todays realities and challenges.Our conventional classroom pedagogy deprives children opportunities to learn in a collaborative and reflective manner. But with the help and usage of various form of folklore pedagogy like folk stories, riddles, myths, legends, fairy tales, celebration of folk culture, celebration of traditional food habits of different societies in the class room, we should inculcate various life skills among the students at elementary stage. The present research paper highlighted, how the various form of folklore pedagogy develops life skills among the students.