The honour will be a cash award of Rs 2 lakh and a memento.
State Governor C Vidyasagar Rao will present the award to the 46-year-old sportsman at an event here on April 12.
The previous recipients of the award include eminent personalities like Lata Mangeshkar, Babasaheb Purandare, Asha Bhosle, Amitabh Bachchan, Hariprasad Chaurasia and A R Rahman.
The guests of honour for the ceremony will be Maharashtra Culture Minister Vinod Tawde and Pandit Hridaynath Mangeshkar, while Bollywood superstar Aamir Khan will be a special guest for the evening.
Other sports personalities like D Prasad, Praveen Thipsay along with his wife Bhagyashree Thipsay, Padmashree Anupama Gokhale, Raghunandan Gokhale, Dhanraj Pullay, Devendra Joshi, Kamesh Mehta and Parnali Dharia will also be felicitated during the ceremony.
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