Established in 1965, Panchmura Mahavidyalaya is the first rural degree college and third undergraduate college in Bankura. It was named after the place Panchmura which is renowned for its terracotta crafts not only in the district of Bankura but also in India. The College is the manifestation of long-cherished dream of the locality to bring the light of higher education to the cottages of marginal farmers, land labourers and the poor. Long-sighted vision of the local educationists like Dr. Ratnakar Mandal, Shri M. K. Mukherjee (founder President of the GB), Shri C. B. Sannigrahi and Shri S.Banerjee (1st founder Principal) was transformed into reality under the benevolent leadership of Dr. Pasupati Mandal (the then MP). The generous families of the villages of Joypur and Kulbani donated considerable tracts of land on which the college was founded. Basic initial infrastructure was built with the hard earned collective contributions and untiring efforts of the local people most of whom are peasants. However, the classes of the College were started in the premises of Panchmura High School on 20th August, 1965 for three year General Degree Courses and University Entrance courses in Arts. In 1968, the College was shifted to its own premises in the newly-constructed buildings.
Setting off its enlightened journey with limited resources and infrastructure, the College has been steadily augmenting its infrastructure and resources for offering contemporary undergraduate courses in Arts, Commerce and Science. Because of the suitable courses and programmes delivered by energetic and experienced professors and teachers, adequate infrastructure and facilities, and active and cooperative office staff, the College was accredited with B+ grade by NAAC in 2007 and 2016.