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The LTWA set up in the year 1970 in Dharamshala is a non-governmental organisation. The aims of the LTWA are to acquire and conserve Tibetan books and manuscripts, to provide intensified reference service and to act as a reference center for Tibetan manuscripts, painting and objects of art. The main activities of the library are to provide research facilities, act as a reference center through collection of all manuscripts, texts, documentation and written materials to run regular courses on Buddhist Philosophy and Tibetan tradition wood carving and Tagka paintings make films and document all aspect of Tibetan Civilization under its Oral History Project, publish and reprint Tibetan texts, research papers, translation of important Tibetan works including Tibetan Journal and Tibetan Medicine Service and conduct lectures and seminars from time to time.

Ministry of Culture provides regular grant-in-aid for maintenance and development to LTWA. The details of funds allocation and Fund released for last five year:-