Answer: Sahitya Academy
India's National Academy of Letters, is an organisation dedicated to the promotion of literature in the languages of India. Founded on March 1954, it is supported by, though independent of, the Indian government and situated at Rabindra Bhavan near Mandi House in Delhi.
The Sahitya Akademi organizes national and regional workshops and seminars; provides research and travel grants to authors; publishes books and journals, including the Encyclopedia of Indian Literature; and presents the annual Sahitya Akademi Award of Rs. 100, 000 (approx. USD 1, 500 (as in year 2013) ) in each of the 24 languages it supports, as well as the Sahitya Akademi Fellowship for lifetime achievement.
The Sahitya Akademi Library is one of the largest multi-lingual libraries in India, with a rich collection of books on literature and allied subjects. Also it publishes two bimonthly literary journals, Indian Literature in English and Samkaleen Bharatiya Sahitya in Hindi.