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Shivpujan Sahay was born Bholanath in a middle class Kayastha land-owning family in the Unwans village of Bhojpur District on August 9, 1893.
After his early education and a short stint as a Hindi language teacher at Ara (1903–1921), Acharya Shivpujan Sahay went to Kolkata and joined Matwala as an Editor in 1923. He moved to Lucknow in 1924 to join the editorial department of Madhuri where he worked with noted Hindi author Munshi Premchand and edited his Rangbhumiand some of his other stories.
In 1925, he returned to Calcutta and engaged in editing short-lived journals such as Samanway, Mauji, Golmal,Upanyas Tarang. Finally, Sahay moved to Varanasi (Kasi) to work as a freelance editor. For a short period in 1931, he went to Sultanganj near Bhagalpur to edit Ganga. However, he returned to Varanasi in 1932 where he was commissioned to edit Jagaran, a literary fortnightly brought out by Jaishankar Prasad and his circle of friends. Sahay once again found himself working with Premchand. He also went on to become a prominent member of the Nagari Pracharini Sabha and similar literary circles in Varanasi.
In 1935, he moved to Laheria Sarai (Darbhanga) to work as editor of Balak and other publications of Pustak Bhandar owned by Acharya Ramlochan Saran. In 1939, he joined Rajendra College, Chhapra as a Professor of Hindi Language. In 1946, on a year’s leave, he moved to Patna to edit Himalaya, a literary monthly which was published by Pustak Bhandar owned by Acharya Ramlochan Saran.
In 1949, Sahay finally came to Patna to work as Secretary of Bihar Rashtra Bhasha Parished, a government academy where he edited and published more than 50 volumes of Hindi reference works. Later he became Director of the Parishad and compiled and edited Hindi Sahitya Aur Bihar a literary history.
His own works were compiled and published in 4 volumes of Shipujan Rachanavali (1956–59). Shivpujan Sahay is also remembered for his editing of several literary commemoration volumes, chiefly Dwivedi Abhinandan Granth (1933),Anugrah Abhinandan Granth (1946), Rajendra Abhinandan Granth (1950) and Jayanti Smarak Granth (1942). He also edited Dr. Rajendra Prasad’s Atmakatha. He was awarded Padma Bhushan in 1960
He died in Patna on January 21, 1963. His posthumously published books are Wey Din Wey Log (1965), Mera Jeevan (1985), Smritishesh (1994), Hindi Bhasha Aur Sahitya (1996), and Gram Sudhar (2007).