India has provided financial assistance of Rs. 27.6 million to construct a three-storeyed library building for Nepal Academy here.
A Memorandum of Understanding (MoU) was signed on August 20 between the Embassy of India, Kathmandu and Nepal Academy for providing Indian grant assistance for the construction of a library building under Nepal-India Economic Cooperation Programme, according to an Indian Embassy press release.
Established in 1957, Nepal Academy is a premier national institution devoted to promoting languages, literature, culture, philosophy and research on development of cultural and intellectual field by bringing together national and international activities.
The new library building being constructed with Indian assistance aims at providing better facilities to researchers and academicians of Nepal for research and reference of invaluable books.