"Arshavidyalaya" is composed of three words – Arsha, Vidya and Alaya (आर्ष, विद्या, आलय). Arsha comes from the word Rishi, (ऋषि)meaning Seer, (मन्त्रदृष्टा) -- one who has been able to understand the reality of the self through the verses (मन्त्राः) of the vedas. This knowledge (विद्या) coming down from the Rishis over thousands of years in the teaching lineage, is called Arshavidya.

Poojya Swami Dayananda Saraswati called this establishment Arshavidyalaya, an Alaya (आलय), a place where this teaching is available today for the seeker.

It was inaugurated in 2015 by Swami Sakshatkritananda (now chairman, Sri Gangadhareswar Trust, Hrishikesh) with the blessings of Poojya Swami Dayananda Saraswati for the traditional teaching of Advaita Vedanta, pooja & prayers, Sanskrit, Vedic chanting and, for exposing children and adults to the wealth they have been born into.