Sri Dasari Narayana Rao Government Degree College for Women was started in 1982 by Palakol , Education Society with 2.61 acres of land with the initiative of late Sri Chodisetty Suryarao, former Municipal Chairperson of Palakol. The institution is named after Sri Dasari Narayana Rao, a famous film actor / producer/writer/Director/Former Union Minsiter and Chief Donor of the College. The college has the distinction of being the first Govt Degree college for women in the district. Consistent with the motto of the college AIM HIGH, the college strives to empower women by providing them education at affordable cost.
The college initially offered only B.A & B.Com courses with Telugu as medium of instruction. Subsequently the college introduced B.Sc (Computers) on self finance basis in 2002 and conventional courses B.Sc (MPC) in 2007, BSC(CBZ) in 2009 and B.Com(CA) in 2018. The college is affiliated to Adikavi Nannaya Universiy. All the degree courses have been semesterised since 2015. The college completed second cycle of NAAC and received Grade B with 2.61 CGPA during March 2016.
The college is funded by Government of Andhra Pradesh. A part from the Government funds it generates resources through CPDC and collection of tuition fees in case of restructured courses. For modernization and upgradation of labs, provision of sports and other physical facilities the college received financial assistance from UGC. All the development activities are governed by the guidelines of Commissionerate of Collegiate Education and conditions laid down by the funding agencies where ever applicable. Recently grants of Rs.2 crores have been approved and sanctioned under component 7 of RUSA.
At present the college is being run efffectively under the able guidance of the dynamic principal, Dr.P.Sobha Rani, M.A, M.Phil, Ph.D, PGDTE.