[3][4] It is one of several awards presented for feature films and awarded with the Golden Peacock a representation of the Peacock, India’s national bird, with a permanent motto of the festival Vasudhaiva Kutumbakam (The whole world is a family).
[5] The award is announced for films produced in a year across the world.
The award was instituted in 1965 from the 3rd IFFI competitive edition.
[5][6] The award carries a cash prize of ₹40 lakh (US$46,000) shared equally between the director and producer.
The director will receive the Golden Peacock and a certificate in addition to the cash prize.