The 74-year-old writer's novel, published in 2009, was shortlisted from 22 books written in as many languages.
The selection for the award, given every year for an outstanding literary work written in any Indian language by an Indian citizen and published during the last 10 years, is made by a jury presided by former chief justice A S Anand.
The award carries a cash prize of 15 lakh and a citation.
Goa-based Sail is a renowned bi-lingual writer who has four Marathi dramas and seven Konkani novels to his credit.
The previous recipients of the Saraswati Samman, instituted by K K Birla Foundation, include former Union minister M Veerappa Moily, S L Bhyrappa, K Aiyappa Panickar, Vijay Tendulkar, Padma Sachdev and Harivansh Rai Bachchan.
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