This award is constituted in memory of renowned social worker and Past National President of All India Marwari Federation Late Bhanwarmal Singhi and is conferred at the occasion of National Convention of the Federation upon a person/organisation for excellent contributions in the social welfare. A citation and an amount of Rs. 11,000/- is given under this award. The awardee is also provided arrangements for to and fro journey to the function venue and boarding and lodging at the place of function.