The Covid-19 lockdown has severely affected the Indian education system. Nearly 290 million students in India have been out of School since March 2020 and worldwide nearly 94% student population (UN Report 2020) got impacted due to school closure. Ensuring learning continuity the government of India introduced several online free learning modules for students. Educational Institutions conducted online teaching and examinations session amid Covid-19 pandemic. ASER [4], an annual survey body in India reported that 38.2% children did not had access to smart phones while 11% children got smart phones post lockdown to help their studies. Both ASER and IMF (73), report highlight inadequacy of smart phones and internet connectivity as major hindrance for online education in India. We conducted a survey amid Covid-19 to examine the impact of e-learning from students and teachers point of view. Survey questionnaire were designed to study the advantages, disadvantages, challenges, and opportunities of e-Learning. The Survey infers that online teaching provides opportunities to students to have educators and study materials of their choice, provides safe environment at home amid Covid-19 crisis. Survey also revealed that 73.2% students disagreed to e-Learning process, 61.4% students faced difficulties related to eye irritation, headache, network issues, lack of practical knowledge against theory syllabus. 62.3% students agreed that offline mode is more effective. Amid many loopholes and challenges of this e-learning technology, e-learning came as an antidote in these exigencies of shutdown.