Post independence when the country was advancing in various sectors ,unfortunately the broad coal industrial areas,especially Dishergarh Sanctoria (under Asansol Sub-Division)area unknowingly was still under the British Raj. Most of the collieries were British owned and the colliery workers were exploited by the owners ultimately.There was oppression of moneylenders too.Around 1950 when a Babu (British Managers called the Bengali Clerks)was humiliated by a Kabli (moneylenders from Kabul) ,the colliery workers felt the necessity to set up a credit co-operative with limited liability to get rid of the moneylenders.Thus the ‘MCNiel & Barry Employees’ Co-operative Credit Society Ltd. was formed in 1954 with the employees of the Equitable Coal Company Ltd. it was registered on 23.04.1954 under the Bengal Co-operative Societies Act,1940 with the registration no. as 7 of 1954 .Later after nationalisation of the coal sector it was renamed as ‘Coal Mines Authority Ltd’s Employees’ Co-operative Credit Society Ltd. as per memo no. 4357 of 18.03.1974 under the Bengal Co-operative Societies Act,1973.At that period it was the only credit society in coal sector. In 1978 co-operative purchased a land and started its operation in its own building. After complete amendment of bye-law on 17th July 2017 at present the name of the Society is ‘CMAL Employees’ Co-operative Multipurpose Society Ltd.’ with its registered office at Disergarh, Po.: Disergarh, Police Station: Kulti.District : Paschim Bardhaman, Pin : 713333.