The college receives funding from State Government, UGC (via CU) and other GOI-affiliated institutes or schemes i.e RUSA, ICSSR, AICTE and NIEIT.

Pundit Ishwar Chandra Vidyasagar, the educationist and social reformer, joined the institution as the President of the Managing Committee in the school in 1860.

[citation needed] However, the students of the school performed extremely well in the Entrance Examination, conducted by the University of Calcutta in 1871.

This time, despite some opposition, the University Vice-Chancellor, Edward Clive Bail, agreed to the proposal and on 27 January 1871, the Syndicate in its meeting sanctioned the prayer for affiliation and recommended it to the Government.

Finally, on 19 February 1871 the Government of India sanctified affiliation of the institution up to the standard of the First Examination in Arts (FA), with effect from the month of January 1872.

[citation needed] The college initially started with only 5 departments, which included Sanskrit, English, Philosophy and General History.

In 1961, the evening section emerged as an independent entity with a separate Governing Body and affiliation from University of Calcutta, having a new name "Vidyasagar Metropolitan College".

Mr.[10][11] The college has following 21 departments in UG level: English, Bengali, Hindi, Sanskrit, Philosophy, History, Political Science, Economics, Geography, Journalism, Physics, Chemistry, Mathematics, Computer Science, Electronics, Zoology, Botany, Physiology, Bio-Chemistry, Psychology and Food & Nutrition.

Stone pelting incidents have been reported near a college hostel on Bidhan Sarani Street in Kolkata during Amit Shah's Road show in May 2019.

BJP workers and supporters shouted "Jai Shri Ram" and "Narendra Modi Zindabad" during the road show.

[14] Local news organisation Anandabazar Patrika’s ground report shows stones being hurled inside the premises by people standing outside on the road, wearing saffron coloured “NaMo Again” t-shirts.