Yashawantrao Chavan Mahavidyalaya, Karmala was established in 1966 by VidyaVikas Mandal. The Mandal was founded in 1966. Besides this college, the Mandal management runs Yashawantaro Chavan Junior Mahavidyalaya and Namdeorao Jagtap Adhayapak Vidyalaya in Karmala.
The college was started initially with Arts and Commerce streams by enrolling 200 students with the aims i) to impart value – based education, embodying socio-cultural and commercial training in order to achieve all around development of the students personality, and ii) to encourage the students participation in corporate life and to make them self confident and self reliant.
It is a grant – in -aid two-faculty college now affiliated to Solapur University , Solapur . It obtained permanent affiliation of the University for the UG programmes in 2002, and has been recognized by the UGC under 12(B) and 2 (f) of the UGC Act in 1991 and 1996 respectively.