The 7.8 magnitude quake in April 2015 had devastated the country, killing more than 8,000 people and displacing lakhs of others.
Thousands of schools including over 25,000 classrooms were reduced to rubble in the devastating earthquake.
Shree Kali Devi Primary School was handed over by the government to the local community during a ceremony.
The earthquake had completely damaged a portion of the school building, destroying five classrooms and other school facilities.
"We hope this new building will inspire teachers and students to do their best," the official said.
The newly-built school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys.
The modern structures, resistant to earthquakes, are equipped with differently-abled friendly features.
The building was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by the ADB, which provided USD 200 million and the Government of Nepal which provided USD 33.4 million.
Under the project, 154 schools damaged by the earthquake are to be built, enabling thousands of children to return to education. Eleven schools have been completed.
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