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Hi Tejas,
BMM stands for Bachelor of Mass Media. It enables a student to learn majors and minors of Media and Media Technologies. You will get to know about communications, its modes, types, then media and types of media and so on. This course has got a good response over the period of time. Areas for pursuing a career will be Media (Print and Electronic). It's a three years program and you can choose your area of specialization by third year. Prerequisites to enroll you into this area will be confidence, keen interest in know how of everything, creative mind, good IPRs and comfort in traveling. once you successfully complete BMM then you can either go for pursuing a career or can go more deeper into it through MMM. The sky is the limit and you get wings through these courses.
Good colleges for the undergraduate programme includes some below:
DCAC - New Delhi
Symbiosis - Pune
St. Xaviers - Mumbai
IMCMT - Kurukshetra and so on.
Please let me know me know in case you need more information. You can also mark this answer as good if it is helpful.

Your question is exactly on career and job segment. According to my experience, there are lots of career scope in animation and VFX field. Animation and VFX is biggest part of Media and Entertainment industry.
Accordingly FICCI report, Media and Entertainment Industry is highly growth field right now.
The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India.
The media and entertainment industry in India consists of many different segments under its folds such as television, print, and films, radio, music, OOH, animation, gaming and visual effects (VFX) and Internet advertising. You can work all these segments.
In these segments, you need just understanding of software skill, tools of the industry no further requirement is needed.
As per the combined survey report by KMPG and FICCI, the entertainment industry in India is expected to expand by 12.5% every year and is likely to reach US$20.09 billion by the year 2013.
The industry is estimated to achieve growth of 13 per cent in 2011 to touch US$16.2 billion. As the industry braces for exciting times ahead, the sector is projected to grow at a CAGR of 19 percent 2020 which is highest growth as compare to other fields that mean more income and jobs.
In MNCs like Pixar, Technicolour (Bangalore), Rythm and Hues (Hyderabad), Red chilies, Prime Focus, DQ entertainment etc. salaries are more than software engineers.
If you are interested in this field so you can just join a professional career based course in best institute no degree is required in this field, because I have already mentioned that Animation and VFX depends on creativity and software skills.
For more information please visit:
https://www.shiksha.com/Maya-Academy-Of-Advanced-Cinematics-Chandigarh-institute-college-listingoverviewtab-37864
http://indianexpress.com/article/entertainment/entertainment-others/indias-animation-industry-has-seen-unprecedented-growth-avneet-kaur/
http://www.animationxpress.com/index.php/latest-news/animation-and-vfx-industry-to-grow-by-8-5-per-cent-and-18-5-per-cent-respectively-by-2020-ficci-kpmg-report