In 1914, an arrangement was made to supply filtered potable water from the Municipality. The Town Hall was established in memory of Kishori Lal Goswami in 1927. At the initiative of the Government, the weaving school was founded during the thirties, and later on, it was raised to the status of a Textile College. The municipality began to provide electricity in 1938. After fifty years of British possession, Serampore was swept by the waves of a Bengali cultural and nationalist movement. The spirit of nationalism influenced many youths from middle-class families. It resulted in the decline of foreign investment in industries. But there was an increase in indigenous investment. The Bangalakshmi Cotton Mill was founded out of the swadeshi spirit. From the beginning of the 20th century, many primary schools and educational institutions were set up in Serampore. The descendants of some of the older aristocratic families donated their residential buildings for benevolent purposes.