The Phyang Monastery was established in 1515. The current head ‘Lama’ or teacher is His Holiness Drikung Kyabgon Chetsang Rinpoche. Drikung Kagyu is one of the eight "minor" lineages of the Kagyu school of Tibetan Buddhism. The distinguishing factors of the Kagyu from other forms of Himalayan Buddhism are the esoteric instructions and tantra’s that are underlined along with lineages of transmission that they follow.
The monastery has been recently refurbished and over 80 craftsmen and painters have put their skills into it. Following the traditional architecture it has been painted in the most vivid colors. Every inch of the niches and pillars outdoors, are covered in rich carvings that have been detailed beautifully. And the walls and ceilings indoors are covered in ritualistic paintings representing the future life of Buddha, the reincarnations of Buddha, the auspicious symbols of Buddhism, along with detailed tantric paintings etc.
Phyang also contains sacred temples within the monastery, and frescoes dating back to the 14th century.