IIPM announces the formation of the following six Memorial Foundations of Rs. 1 crore each. From the income accrued to these foundations, awards will be conferred for excellence in the field of literature.

On the occasion of the 150th birth anniversary of Rabindranath Tagore, we hereby also announce the Rabindranath Tagore Memorial Prize of Rs. 1 crore to be conferred upon RAMAPADA CHOWDHURY on 9th/10th May 2011 (25th Baisakh in Bangla), for his lifetime contribution to the world of literature. A special mention need be made of his highly acclaimed novel, Bon Palashir Padabali, in which he has lucidly portrayed rural Bengal, thereby assuring his place among the greatest story tellers in the literary world.
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