Every year since its inception in 1954, the Sahitya Akademi Award prizes to the most outstanding books of literary merit published in any of the major Indian languages recognised by the Akademy. The award amount, which was Rs.5,000 since inception, had been enhanced to Rs.10,000 from 1983, Rs.25,000 from 1988, Rs.40,000 from 2001, Rs.50,000 from 2003 and is now Rs.1,00,000 from 2009. The first Awards were given in 1955.
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