The Competition Section of IFFK is restricted to films from Asia, Africa and Latin America
The Golden Crow Pheasant Award with a Cash prize of INR 15 lakhs (US $ 30,000 approx) for the Best Feature Film to be shared equally between the Director and the Producer.
The Silver Crow Pheasant Award and Cash prize of INR 4 lakhs (US$ 8,000 approx) to the Best Director
The Best Debut Film Award and a Cash Prize of INR 3 lakhs (US$ 6,000 approx) to the Best Director
AUDIENCE PRIZE RAJATA CHAKORAM
Cash Prize of INR 2 lakhs (US $ 4,000 approx) to the Director of the film voted as the Best Entry in Competition by the festival delegates.
FIPRESCI (The International Federation of Film Critics) gives an award for the Best Film selected by the FIPRESCI Jury
FIPRESCI Award for the Best Malayalam Film
NETPAC (Network for the Promotion of Asian Film Centre) award for the Best Asian Film in Competition.
NETPAC Award for the Best Malayalam Film
The Best Indian Debut Director (Rs. 50,000/- and memento) constituted by Ms. Mira Nair in memory of her assistant director late Hassankutty.