Former governor of the eastern Indian state of West Bengal, Jagdeep Dhankhar, was elected as the country's next Vice-President on Saturday. Dhankhar, who was fielded by India's ruling Bharatiya Janata Party, defeated his main challenger and opposition candidate Margaret Alva, also a former state governor and federal minister, by a huge margin. Voting to elect India's 14th Vice-President was held earlier in the day. Dhankhar will replace incumbent Vice-President Venkaiah Naidu whose five-year term ends on August 10. Also read: Indian oppn leader Rahul Gandhi released from detention The Vice-President is elected by an electoral college consisting of members of both Houses of Parliament -- the Rajya Sabha (Upper House) and the Lok Sabha (Lower House). The Vice-President is the second-highest constitutional office in India. The Vice-President serves as the chairperson of the Rajya Sabha and also acts as the chancellor of the central universities. Who's Dhankhar? Born on 18 May, 1951, in Kithana, a small village in the western state of Rajasthan, to a farmer family, Dhankhar completed his graduation in law and entered politics at a very young age. Also read: India raises interest rate to 5.4%, in 3rd hike since May He subsequently became a member of the Rajasthan state assembly and then India's Parliament. He also practiced as a senior advocate in India's Supreme Court.