The College was founded in 1956 through the munificence of Late Pt. Dwarika Prasad Dubey, who in the same year founded the Dubey Shikshan Samiti which runs the C.M. Dubey Post Graduate College. The College was inaugrated by Pt. Dwarika Prasad Mishra the Vice Chancellor ofthe University of Sagar on 31st July, 1956. The object was to spread the benefits of sound education in this part of the country.
CM. Dubey College had started as a coeducational institution with only two Faculties Commerce and Arts. The Arts Faculty was only for girls students. It started in the year 1956 with only 63 students. Generous donations from the members of Dubey Family and others soon placed the college on a firm footing. With a band of devoted teachers, soon within a short span of three years, the college had its own building, the number of the students rose to 371 by 1958. By 1961 teaching in the Science faculity had started and the growth of the students and staff was rapid.
The College started imparting instruction upto the post graduate level in 1963 by opening PG. Classes in Commerce, English, Hindi and Sanskrit. It soon became a Constituent College of the Pt. Ravi Shankar University Raipur. The College was affilated to C.G. University, Bilaspur from 1983 upto its up gradation as central university. Now it has became a part of New Bilaspur University, Bilaspur, from July 1,2012.
In the year 1970 M.Sc. classes in Botany and Zoology and M.A. in Economics and Pllitical Science were opened. Further in 1971 it added M.Sc. Classes in Chemistry and Physics, in 1972 M.A. in Histry, Geography and M.Sc. in Mathematics, in 1974 P.G. Diploma in Banking and in 1989 PG Diploma in Business Management. In order to provide education in new subjects like computer science and Microbiology, new building was constructed with furnished and well equipped laboratory. B.Sc. M.Sc. courses in computer science and Microbiology were started in the year 1998.
The College has also started Bed course from session 2005-06 and is going to start Med, from this session. The college has indeed made a very rapid progress. It's students have made a mark in the University Examinations and its alurnin have found, honoured places in society. It's students have steadily grown. The college believes that the greatness of an institution lies in the ideals and obejcts that it stands for and which it places before students. In the words of its founder, the progress is to be assed by the quality of the education that it proved. Good education must lead to harmonious development of presonal ity. It has been our constant endeavour to create an atmosphere in college conductive to the growth of body, mind and spirit of all who come to it.
