Yes, Modern Institute of Pharmacy, located in Banka, is an approved educational institution for pharmacy courses. Specifically, its Bachelor of Pharmacy (B.Pharma) program is a four-year, full-time undergraduate degree affiliated with Aryabhatta Knowledge University, Patna, and holds approval from the Pharmacy Council of India (PCI).

It's also worth noting that most courses offered at the institution are approved by the University Grants Commission (UGC) or the All India Council for Technical Education (AICTE).