Madan Puraskar Guthi confers annually two award; outstanding books in the Nepali language and authors who have given outstanding contributions to Nepali literature. They are considered the most prestigious literary awards in Nepal.
The 'Madan Award' is given to one of the best works in the Nepali language within a year. The winner is honored Rs. four lakhs.
‘Jagdamba-Shree’ is an honor award given to an individual or organization who has made a significant contribution in various fields, including Nepali language, literature, and culture. This award was established in the year 2045 BS in memory of Rani Jagdamba Kumari Devi. The amount of this honor has been four lakhs since 2075 BS.