The Deccan College, Post-Graduate and Research Institute, Pune is the third oldest Educational Institute in India. The Hindoo College was started on 6th October, 1821 by the Bombay Presidency Government at the initiative of its Governor, Mountstuart Elphinstone by using the Dakshina Fund, which was started by Khanderao Dabhade, a Maratha Sardar and continued by the Peshwas for propagating Sanskrit studies.