On 7th Baisakh 1983 BS, it was Akshaya Tritiya day. Tek Narayan Bhari, a resident of Ward No. 3 of Baglung Municipality, held a village meeting and announced his plan to establish a Laxminarayan temple. More than 1,000 rupees were required for this campaign.

After his family announced to donate the maximum of 143 rupees in this campaign, everyone collected 1,362 rupees in five or ten rupees. With this money, a temple was built and 16 ropanis of land near Goundakot was also purchased. The rice produced on that land was used to provide food for the saints and mahants who came to the temple. 1 ropani 5 annas of land was purchased in a place called Ratmata and Pandit Pitambar Sharma was given the priest's expenses.

The temple has completed 100 years of its establishment. The temple management committee is preparing to celebrate the centenary year as a special year. During this period, programs such as lighting of lamps, chariot processions, and singing of hymns have been scheduled.

The reason why this temple, located in Narayan Chowk in Baglung Bazaar, has gained so much importance is not only because it was established by Tek Narayan Bhari, but also because a saint from India who came here taught music to the locals since 2000 BS. There is no one who can tell the name of that saint. 89-year-old Hareram Bhari said that it is still of special importance as it is the temple that started modern music and song in Baglung. 'More than a dozen Newari traditional festivals are held after worshiping this temple,' he said. 'All students of music have come to Lakshminarayan Temple to learn.' Although there has been a trend of learning music through various art centers in recent times, local experts say that this temple was the learning center for all old lyricists and musicians.

The famous Hanuman dance of the Newar community is started only after worshiping this temple. Apart from that, there is a tradition that when taking out the Tayamacha on the day of Gaijatra, it can be taken out only after worshiping Lakshminarayan. The temple management committee chairman Jayaram Bhari said that the artists of Lakhe Jatra, Ropaijatra, and Bassa Nach, which are performed with the music of the bagpipes, worship Lakshminarayan. This temple management committee has not embezzled the property of a hundred years ago. Rather, it has increased it. ‘We have increased the temple land to 22 ropanis,’ he said, ‘Even now, we have been managing the worship by earning more than 90 thousand rupees a year from this land.’

As a result of the influence of this temple, singers and musicians including Mukunda Shakya, Ramesh Rajbhandari, Shubharam Bhari are still well-known.

Culture expert Prem Chota says that the Lakshminarayan temple has helped institutionalize a dozen cultures prevalent among the Newars of Baglung. He said that dozens of saints and mahants from various places including India have come to live here.

To enhance the historical importance of this temple, the Baglung Municipality has launched a campaign to preserve the Narayan Chautaro located next to the temple and make it a property of special value, culture, history and identity. Through the Municipal Tourism Development Committee, it has been developed as a Chautari for singing traditional songs including Sorathi, Jhamre and Thado Bhakha.