Indian Institute of Advanced Study was set up by the Ministry of Education, Government of India as a Society under the Societies Registration act XXI of 1860, with effect from 6th October 1964.
Indian Institute of Advanced Study started functioning at Shimla on 20th October,1965 when it was formally inaugurated by the then President of India, Professor S. Radhakrishnan.
Indian Institute of Advanced Study aims at free and creative enquiry into the fundamental themes and problems of life and thought. It is a residential centre for research and encourages promotion of creative thought in areas which have deep human significance, and provides.an environment suitable for academic research, particularly in selected subjects in the Humanities, Indian Culture, Comparative Religion, Social and Natural Sciences and such other areas as the Institute may, from time to time, decide. The Institute provides facilities for advanced consultations and collaboration besides library and documentation facilities.
The Institute has two fellowship programs National Fellows and Fellows. The term of National Fellows at the Institute is for a maximum period of two years. For Fellows, the backbone of the Institute, the duration of regular Fellowships ranges from a minimum of six months to a maximum of two years. This depends on the nature of work and its progress. Initially, a Fellowship is awarded for a year. While Fellows of the Institute are primarily engaged in their own research on themes approved by the Institute, the considerable formal and informal interaction amongst them encourages a healthy interdisciplinary dialogue. From April to November, the Fellows’ weekly seminar is the primary forum for formal interaction. During their term, Fellows remain in residence from April to November. In winter – December to March – they may engage in field work, library and archival consultations outside Shimla. Upon the completion of their term, Fellows are required to submit their completed research work in the form of a monograph to the Institute. The monographs submitted by them are considered for publication by the Institute – which also retains the first right of publication. [source wikipedia=https://en.wikipedia.org/wiki/Indian_Institute_of_Advanced_Study]