In this paper the investigators focus on the relationship between "Information Literacy" and "Institutional Climate Perception" of post graduate students. The study was conducted on four hundred Post Graduate Students' from four districts of Kerala, India. Instruments used were; "Information Literacy Inventory" and "Institutional Climate Perception Questionnaire." The study revealed that there exists positive and significant relationship between "Information Literacy" and "Institutional Climate Perception." The study also proved that there is no significant difference in correlations between Institutional Climate Perception and Information Literacy for the comparable sub samples based on Gender and Locality of the Institution.