A logo for National Ayurveda Day was also launched.
Minister of State in the Prime Minister's Office Jitendra Singh was the chief guest at the event and MoS, AYUSH Shripad Yesso Naik presided over the programme.
Under the national protocol, the AYUSH Ministry has recommended treatment of diabetes through ayurveda.
Singh gave away 'Dhanvantari Awards', carrying a cash prize of Rs 5 lakh to three eminent practitioners of ayurveda.
Naik said, "There were demands from all across the country to dedicate Dhanvantari Divas (Dhanteras) to Ayurveda. The government accepted that demand."
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AYUSH Secretary Ajit M Sharan addressed the gathering and explained why diabetes was chosen as the theme for the day.
"Today we are also launching this day to launch Mission Madhumeha (Diabetes). The genesis is in the call given by PM (Narendra Modi) on International Yoga Day when he said that the entire year should be dedicated to carrying out research in the management and control of diabetes through Yoga."
"Taking a cue from that we thought we should have a similar mission arising from ayurveda as well," Sharan said.
Singh, who has been a professor of diabetes and is the ex-Chairman of National Scientific Committee Diabetes, also spoke about the disease at length. He laid emphasis on the need to tackle the disease among the youth and pregnant women.