Mobile Devices Have a Huge Craze Over any Other Form of Internet Accessible Device. Having a Portable Form Factor Along With Sufficient Computing Power, a Storage Space and Fast Wireless Network Accessibility Allows It to Be the Best Internet Accessible Platform of Choice For the End Users As Well As For the Industries. Mobile Devices Have Also Paved the Way of Newer On-The-Way Computing Paradigm In Place of the Conventional Fixed-Place Computing Paradigm. This Popularity of Mobile Devices Has Also Helped M-Learning (Mobile Learning) In Enhancing Its Expansion to Provide Ease of Learning For People Who Are Somehow Unable to Receive Formal Classroom Education. Mobile Learning Is a Nascent Area In E-Learning (Electronic Learning) and Can Be Considered As an Extension to E-Learning. M-Learning Can Create New Opportunities of Integrating Learning into Existing Educational Scenario. the Paper Focuses on Providing a Study of the State of the Art Context-Aware M-Learning Frameworks. the Study Also Tries to Ascertain the Important Context Factors In Building Such Novel Systems. the Paper Finally Presents some Future Research Direction and a Conclusion.