University Grants Commission (विश्वविद्यालय अनुदान आयोग) is an autonomous government body of Nepal formed under the jurisdiction of UGC Act approved by the parliament of Nepal on 2 November 1993.
UGC became functional in 1994 with the opening of its office at Sanothimi, Bhaktapur.
The main reason to establish UGC is to implement the concept of multiple universities in Nepal.
Before UGC's establishment only Tribhuvan University looked after the higher education.
The main objectives of the UGC are to coordinate among universities; allocate and disburse government grants to universities and higher educational institutions and take appropriate steps for the promotion and maintenance of standards of higher education in Nepal.