Hello there,
Getting Palamuru University with Rank of 34,040 might be challenging. For BCD category, your chances might improve slightly compared to the general category due to reservation benefits.  However, whether you'll secure a seat in B Pharmacy program at Palamuru University depends on several factors:
Previous Year's Cutt off Ranks
Number of Seats
Competition and Demads
You can also take some several Steps which might benefit you such as
Checking Historical Data, like previous years' cut-offs rank for the B Pharmacy course at Palamuru University for BCD category to get an idea of whether  your rank might be competitive.
Counseling Information: Stay informed about the counseling process and schedules.
Alternate Options: Consider applying to other institutions as well.
It's better to stay updated with the official announcements   from the university and counseling authorities.
Thankyou.