Background: National medical commission of India introduced electives in the medical curriculum for M.B.B.S. batch 2019 while they completed 3rd phase part-I (before commencement of 3rd phase part-II). An elective module was introduced by NMC for universal implementation of this new concept in the Medical Colleges of India. Our college under the guidance of our Dean/Principal and MEU Co-ordinator implemented the ELECTIVES for students. This study has been done to observe the perception of medical undergraduates regarding electives and faculties who have been assigned to be the Internal preceptors. A cross-sectional survey was done to observe the effectiveness and importance of electives according to students and faculties. Aim and Objectives: To evaluate the perceptions of undergraduate students and faculties regarding ELECTIVE programme and its effectiveness. Methodology: The study was conducted on 24 students of phase 3 part II (BATCH 2020) and 19 faculties of various departments involved as internal preceptors in elective programme of K.D. MEDICAL COLLEGE MATHURA. Questionnaire having both closed ended objective questions and open ended questions was used to assess the perspective of students and faculties with questions inter-related with respect to elective programme. Findings: 95.8% students and 100% internal preceptors (faculties) have suggested that an orientation/sensitization is the necessary prior to initiate the Electives, to achieve more learning from the concept. 87.5% students and 73.7% faculties have accepted that the goal of elective programme is being realized Conclusions: A positive perception was observed amongst students as well as amongst faculties as internal preceptors regarding elective programme. This observation thus suggests that elective has provided a good tool to learn of choice topics, but most of the study participants also agreed to the fact that an orientation/sensitisation programme is necessary for both students as well as faculties prior to the beginning of the elective. Also, elective is a good initiative to gain in depth knowledge of respective subjects and develop an interest in the respective field for higher studies.