Established in 1951, Nava Nalanda Mahavihara was founded to revive the ancient tradition of Buddhist studies that flourished at the historic Nalanda University. The institution was envisioned as a center for Pali and Buddhist philosophy, serving as a modern continuation of the ancient monastic university. It was inaugurated by the first President of India, Dr. Rajendra Prasad. Over the years, it has grown into a renowned center for Buddhist studies, attracting students and scholars from around the world. The Mahavihara has significantly contributed to the preservation and promotion of Buddhist literature and culture.