Madan Bhandari Memorial College, located at New Baneshwor, is a non-profit making community institution established in 2001 to impart quality education at an affordable cost. The college offers a wide range of academic courses.

Since its inception, the college has achieved remarkable success in terms of quality education and infrastructural development. It has received generous help from many individuals and institutions for the enhancement of quality education and the development of infrastructural facilities. It is managed by a dedicated team of educationists, academics, and social workers.