This college had its beginning in July 1999 at undergraduate level with just 118 students. Before the present building came into existence, the college was started in the Govt. senior secondary School, Taranagar. The foundation of this magnificent building was laid by by Chandanmal Baid (Ex finance minister of Government of Rajasthan) along with Ramawatar Raghuwanshi (IAS of Churu) and Madhusudan Singh(SP of Churu) on 26 Oct. 2001.  It was shifted to the present building on 14 January, 2004 when it was permanently upgraded to graduation level in both arts and commerce streams. Expansion, in terms of building and other infrastructural facilities as well as number of students, continued and the college was upgraded to graduation level in 2008 with science faculty. The college has a huge single-storied building with large, well-ventilated rooms. Even though Seth Meghraj, Babulal Bhagat cheritable trust had built a huge building for the college, more and more additions have been taking place gradually in various schemes of SFS and one time catch-up grant of UGC and state government. From 2011 post graduation study is also started in geography and Sanskrit under SFS scheme.

1999: Established as Degree College and started in the govt. senior secondary school

 Building with 118 students. At starting it was affiliated with MDS University, Ajmer.

2001: The foundation of this magnificent building was laid by by Chandanmal Baid (Ex finance minister of Government of Rajasthan) along with Ramawatar Raghuwanshi  (IAS of Churu) and Madhusudan Singh (SP of Churu)  

2004:  College was shifted to newly constructed building made available by generous donation of Meghraj Babulal Bhagat charitable trust, Mumbai and college name changed in respect of their kuldevi and it was renamed as Maa Jalpa devi Government College, in short as M.J.D. Govt. College, Taranagar. At this time college was under affiliation with MGS University, Ajmer.

2005: Granted permanent affiliation in arts and commerce

2008:  Faculty of Science started at Undergraduate Level in the subjects:- Physics, Chemistry, zoology, Botany, mathematics under SFS scheme

2009: Granted permanent affiliation in Science 

2010: Science stream was taken over by Govt. and new posts were sanctioned for Lecturers.

2011: M.A. in Geography and Sanskrit started under SFS scheme 

2011: RVRES faculty members appointed in science, arts and commerce.

2012: Creation  of college website and catch-up grant proposal accepted by UGC

2013:  Newly build auditorium was handover to college administration. It was buildup by the generous donation of Rs. 60 lakh by trustee Sh.Vindojee Bhagat sahab.

2013: Two garden developed by generous donation of Yashinjee Hisharia (BHAMASAH of TARANAGAR)

2014: from this session (2014-15) we are opting online admission in Part- I of all streams.

2017: English subject is started as optional subject in B.A. Classes

2018 : Post Graduate in Botany and Zoology in Self Finance scheme started.