Chief Minister Bhupinder Singh Hooda handed over the reward in the form of a fixed deposit and a certificate to the wonder boy from Kohand village in Gharonda sub-tehsil of Karnal district, 140 km from here.
"The state government would provide all possible helps to enable him to further excel in the field of education," Hooda said.
Kautilya is nowadays busy hopping from one TV studio to another showing off his memory by answering questions on a range of topics, including population of countries, their GDP, culture, heritage and other things.
Though belonging to Kharhar village in Jhajjar district, Kautilya's family lives in Karnal district.
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"Kautilya studies for two-and-a-half hours daily. He has an enviable knowledge of almost all fields, including world geography, states of India, their chief ministers, languages and religions. But he has a special expertise in the world map," Kautilya's father, Satish Sharma, told Hooda.
Sharma said the child's IQ level had not been checked yet, but during a TV interview, a Delhi University professor had told him it should be around 150.
The five-year-old has been invited to TV quiz show Kaun Banega Crorepati hosted by superstar Amitabh Bachchan.