Buddhist Philosophy Promotion and Monastery Development Committee is formed by the Government of Nepal (GoN) for the development, preservation and maintenance of monasteries of Nepal. And it is also formed for the promotion of Buddhist philosophy. This committee has been working to carry out the various works related to Monasteries, Chhortens, Caves and rituals. Besides this, it provides management training and renovation fund for the historical and archaeological monasteries in Nepal.

In 2041 BS and 2045 BS, the GoN passed orders for formation of Monastery Management and Development Committee for proper management of monasteries but later due to the changes in due course of time, the formation order 2045 was replaced by Buddhist Philosophy Promotion and Monastery Development Committee formation order 2066 for more systematic and effective work.