Sources said the ministry has decided to confer the award on 77-year-old Kapoor in Mumbai. An announcement of the award and an audio-visual film related to Kapoor's achievements will be played at the National Film Awards presentation function to held here on May 3.
The award will be conferred on the actor in Mumbai on a suitable date later, a source said.
It is likely that I&B Minister Arun Jaitley or Minister of State for I&B Rajyavardhan Rathore will travel to Mumbai to bestow the honour on Kapoor at a function there.
Former I&B Minister Manish Tewari had gone to Mumbai and presented the Dadasaheb Phalke award to veteran actor Pran in 2013.
Kapoor has starred in over 100 Hindi films and is best known for his powerful portrayal of roles in hits like Namak Halaal, Deewar and Kabhie Kabhie.
Dadasaheb Phalke award is the highest official recognition for film personalities in India.
The award consists of a Swarna Kamal (golden lotus), cash prize of Rs 10 lakh and a shawl.
A five-member jury had unanimously recommended the name of Kapoor, who had carved out an equally successful career in international cinema and theatre, for the award. He will be the 46th recipient of the award.
