Renamed as the Major Dhyan Chand Khel Ratna Award in 2021, it is India’s highest sporting honor. Instituted in 1991–92, it is awarded for the most outstanding performance by a sportsperson over a period of four years.
It includes a medal, certificate, and cash prize. Athletes like Viswanathan Anand, Abhinav Bindra, and Neeraj Chopra have received it. The award aims to recognize dedication, consistency, and achievement in Indian sports on the global stage.