Amolakchand Mahavidyalaya, Yavatmal, was established by Vidya Prasarak Mandal in 1956. The Mandal is registered under Act No. XXI of 1860 (Regd. No. F-27/YTL/122-55-56). The objectives of the society are as given below:
- To impart and promote education in Literature, Science, Arts, Commerce, Law, Technology, and the diffusion of cultural and useful knowledge.
- To start, conduct, and take over schools, colleges, and other institutions for imparting moral, physical, cultural, literary, scientific, technical, vocational, and professional education.
- To undertake and facilitate research in all branches of knowledge.
- To carry out experiments with a view to improving methods of imparting instructions to youth and adults, with the objective of making them better citizens of the world.
- To co-operate with approved institutions for the purpose of supporting the above objectives and to adopt such other measures as may appear desirable for achieving them.