In the year 1963, an admirer of education, founder president Late Narayanrao Kale and his crony founded the institution now known as “Arts and Commerce and Science College” at Arvi. The Krishak Education Society, Arvi was established in 1965 by Late Narayanrao Kale, a stalwart of co-operative sector of Maharashtra. This society runs four pre-primary schools, four high schools, one Junior college and one senior college. Presently Adv. Mrs. S. D. Kale is the Chairman of this society.
Primarily in 1963 only Arts and Commerce faculties were started. In 1965 the college received government grants. In 1975, the college started its Junior college in Arts and Commerce faculties. In 1986, first post-graduation program i.e. M. Com. was started. In 1989, Arts and Commerce faculties got permanent affiliation of Rashtrasant Tukdoji Maharaj Nagpur University, Nagpur (Formerly Nagpur University). In 1990, the college was recognized by UGC as 2(f) and 12 (B) standards. In the session 1992-93, Science faculty was started for U.G. level. In the year 1997-98 subject English Literature was added to Arts faculty.
During 2000-01 to 2010-11, Computer Science (U.G.), M.A. (Marathi, Political Science, Home Eco.), M.Sc. (Computer Science, Chemistry), B. A. Additional sections and some professional courses / subjects like PGDCCA, MIS and IT, Biotechnology, Fashion Designing, B.B.A., DHNT, Music etc. are started. The certificate courses added another feather in the cap of college.
The college underwent first accreditation in 2004, the college achieved ‘B’ grade. In the second phase of accreditation in 2011, the college retained ‘B’ grade (with new methodology CGPA 2.29). The college underwent third accreditation in 2017 and came out successfully with B+ (with CGPA 2.53). The College has adequate physical infrastructure to run the academic program efficiently in an area measuring five acres. The total built-up area of the college is 6028.68 Sq.m.
In the session 2024-25, the College received a Grant of ₹5 Crore under the PM-USHA Scheme. Under this grant, the College Plans to develop a Chemistry Laboratory, an Auditorium, and a few Classrooms, along with the renovation of Computer Laboratory and related Infrastructure.