TIPA as an institution is highly focused on celebrating and promoting the Tibetan religion and culture in India. Owing to this, the cultural training institution organizes the Yarkyi Festival to promote the Tibetan culture and highlight the rich vibrance of the Tibetan musical heritage among people. The festival occurs on an annual basis and is essentially the anniversary date of the formation of TIPA.
This particular festival transpires in the summer months and was initially started in Kalimpong, back on August 11, 1959. It is an internal competition where participants from two houses compete, specifically Ngonpa and Gyalu. The names of these houses come from two famous characters in Tibetan Opera and dance. Both of the groups separately research the folk dances of Tibet. Later, they come up with one solo and one group song each that they have to perform for the competition.