KVRF honors the Vedic scholars who propagate and spread Vedas in different parts of the world. They are honored with the Vedaratna puraskar. The award consists of cash prize of Rs. 25,001 , plaque and citation. The first Veda Ratna was awarded in 2004. Acharya Narendra Bhooshan, Prof.Rajendra Jijnhasu,Sri. Arya bhaskar sri M.P.Veerendra kumar are some of the great philosophers and dignitaries who were presented with Vedaratna puraskaram so far.