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Established in the year 1971 by a group of motivated teachers and social workers committed to empowering the poor people, especially those belonging to the ST/SC and B.C. categories through education, Lal Bahadur Shastri Memorial College is at present a reputed constituent unit of Kolhan University, Chaibasa, located at Karandih
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This college has the honour of being named after the great legendary leader, the second Prime Minister of India, Late Sri Lai Bahadur Shastri.