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In Compliance To The Wishes Of His Holiness The Dalal Lama A Section Of Monks From The Buxer(West Bengal) Moved To Tibetan Colony, Mundgod Taluk In 1969 And Enrolled New Novice Monks To Function As The Seeds Of Future Buddha Dhamma.
In 1970 The Then Abbot Ven. Lobsang Choephel And Other Senior Monks Of The Sangha Founded The Present School With 22 Students. They Were Taught To Read, Write And Recite The Sutras Only. Gradually They Were Introduced To The “takhta And Kalam” (Wooden Board And Bamboo Ink Pens) For Calligraphy, Spellings, Grammar And Poetry. Then In 1975, Ven. Zemed Rinpoche, The Abbot And The Learned Scholars From Varanasi Framed The Curriculum Which Was Approved By Ven. Trijang Rinpoche ( The Junior Tutor Of H.h. The Dalai Lama) And Ven. Zong Rinpoche. This Included Dialectics, Co- Curricular, Metaphysics, Poetry, Grammar, Composition, History, Religious History, Calligraphy, Arts And Drawing, English Language, Maths And Science. So The School Imparted Traditional As Well As Modern Education To Its Students.
In 1969, On The Orders / Advise Of His Holiness The 14th Dalai Lama Some Disciples Came To Mundgod, Karnataka From Baksa In Assam. Established This Vidyapeeth In 1970, As It Was Necessary To Give The Teachings Of Lord Buddha To The Future Generations As Per The Teachings Of His Holiness The 14th Dalai Lama.
Vidyapeeth Has Been Established With The Aim Of Enlightening The Present Generation On The Teachings Of Lord Buddha, His Life Style, Compassion Concern For Others And Other Streams Of Thought Of Lord Buddha. Vidyapeeth Established With The Aim Of Imparting The Knowledge Of Lord Buddha To The Young Generation And To The Society. At The Initial Stage Of Vidyapeeth There Were Only 22 Students Who Were Taught To Read, Only Tibetan Language.