The USD 100,000 prize is one of the world's largest awards recognising the efforts of activists to combat corruption and promote human rights.
"My lifelong mission to fight corruption and promote transparency is stronger for having received this award," Hazare said while receiving the award.
"I have never been attracted to money and wealth, but the Allard Prize will help me and all those who are working towards the same cause to continue the fight.
Established in October 2012 by UBC Law alumnus Peter A Allard, the prize honours an individual, movement or organisation which has shown exceptional courage and leadership in combating corruption, especially by promoting transparency, accountability and the rule of law.