Named after Jharkhand state movement leader the late Binod Bihari Mahto, it would be the ninth university of the state.
Addressing a function on the occasion, the chief minister said his government is committed to educational development of the state.
The state government would soon set up a women's university at Jamshedpur and a technical university at Palamu, he said.
The state government has already appointed Dr DK Singh as acting vice-chancellor of the BBKM University.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)