Anugrah Memorial College, Gaya was established in 1964 with a view to impart higher education to the scholars of the Magadh range. In 1980, it became a constituent unit of Magadh University. Since then the Anugrah Memorial College has grown by many folds and now a day the college is a well known educational body in the Gaya division and offering various courses in Science, Arts, Humanities, Business Administration, Computer, Information Technology and Bio - Technology. AM College is located on Katari Hill Road near Aliganj More. The college is a leading one in bihar's higher education field. Many alumni from the college have achieved higher post in all over the world. The college has a huge infrastructure and is spreading at a large area including many buildings and a huge playground. The college is one of the oldest colleges in bihar and has a very good reputation as far as higher education is concerned in bihar.
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In 1973, “Bihar Institute of Economic Development” was established to carry out research aimed at facilitating socio-economic development. In 1975, to preserve the memory of late Sri Lalit Narayan Mishra, the then Union Railway Minister, the Institute was renamed as “Lalit Narayan Mishra Institute of Economic Development and Social Change (LNMI)” and very soon it diversified into education with courses in Office Management, Business Management, Marketing & Sales Management and Personnel Management & Industrial Relations. As the demand for the various Management Programmes changed with time, some of these courses wered ropped, others modified, and new ones added. Later on, the Institute was taken over by the Government of Bihar. Presently, the Institute offers courses in Management and Computer Science with appropriate support systems.