The SASTRA Ramanujan Prize, founded by Shanmugha Arts, Science, Technology & Research Academy (SASTRA), located near Kumbakonam, India, Srinivasa Ramanujan's hometown, is awarded every year to a young mathematician judged to have done outstanding work in Ramanujan's fields of interest. The age limit for the prize has been set at 32 (the age at which Ramanujan died), and the current award is $10,000.
This award has a double motive: to celebrate Srinivasa Ramanujan's legacy, and to identify individuals with groundbreaking feats and contributions in mathematics. In addition, it also serves as a platform to encourage young mathematicians to explore uncharted areas of mathematics.[1]