Is it worth to pursue PGDM from this college?

If you are planning to pursue PGDM from IIRM I'll advice you to look for some other colleges like Jaipuria because 1) College atmosphere and faculty is not good 2)Few companies are coming for Internships 3) Highest Placement is going 8 L.P.A while average placement stood 4 L.P.A

Yes it is known for its rural management but there is a lot of scope in business management too, it provides good placements and equal opportunities, hence if you want to pursue business management from IRM you must go for it.