Lakshmi Devi Shroff Adarsh Sanskrit Mahavidyalaya, the only Sanskrit college of Jharkhand offering Acharya (Masters) Degree in Sanskrit, is situated at B.Deoghar, a sacred place of Baidyanath, one of the twelve Jyotirlingas-Manokamanalinga. It was established in the year 1979 and was included in ASM of the Ministry of Education & Culture, Government of India in the year 1984. It is affiliated to Central Sanskrit University.

Lakshmi Devi Shroff Adarsh Sanskrit Mahavidyalaya provides education form Prakshastri to Acharya: Prakshastri (equivalent to Intermediate, Two-year course), Shastri (equivalent to Bachelor Degree, Three-year course) & Acharya (equivalent to Master Degree, Two-year course) in the subjects of Sahitya (Literature), Vyakarana (Grammar), Jyotish (Astrology) & Veda. To cope with the modern situation not only traditional subjects but also modern subjects like English, Hindi, Political Science, Computer Science & Environment Science are also taught here. It has hostel facility for the poor students and the students coming from remote area.