Hi Suresh,
SCORM is a huge standard and to implement it yourself, you would need to read the SCORM documentation. You can find this here:
I don't think how to implement a LMS for SCORM is really a subject that can be discussed here :-) (it's way too big).
However to implement SCORM in django I would go around it a bit differently. Implementing the SCORM communication yourself isn't really that easy - however you can integrate with Scorm Cloud for example. Then all you need to do is store your delegates and scorm packages in a way that they can communicate with Scorm Cloud.
Either that or check through OpenEDX.