Nagaon Gopinath Dev Goswami Commerce College is the only fullfledged institution of higher education in commerce, in the entire central Assam region. The college was started on the 24th of September, 1984 in the premises of Sankardev Natya Chora under the name of Nagaon Commerce College. It was renamed as Nagaon GNDG Commerce College. after the name of Late Gopinath Dev Goswami, an illustrious son of Nagaon and was shifted to its present site at Panigaon, Nagaon in 1991. The college owes its existence to the pioneering and tireless work of its founder President Late Ratnakanta Bora, Rtd. I.A.S. and the founder-principal Sjt Kamal Chandra Goswami and the generous donations of the family of Late Gopinath Dev Goswami.
The girls' hostel of Nagaon GNDG Commerce College was constructed in 2010 and has been functioning since then.