The recipients were awarded a cash prize of Rs 1 lakh each for their "outstanding books of literary merit".
Distributing the awards, Akademi President Vishwanath Prasad Tiwari said he hates to call it "award" and rather uses the word "honour", as according to him the word 'award' projects "monetary" side, which is nothing for writers of such merit.
"In medieval times, Raja Inderjeet Singh rewarded Acharya Kheshavdass Mishra with some 20-odd villages for his writing, and one can quote so many instances like this. Now thinking of those days, this monetary award ranks nowhere.
The awarded literary works have been written in 24 Indian languages, including English, Hindi, Bengali, Urdu, Sanskrit, Bodo, Kashmiri, Manipuri, Nepali among others.
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Calling "literature" as one thing that is not limited to any particular topic, Tiwari said the only thing that makes a writer write is their unique "capacity to look beyond themselves".
"Writer is someone who does not differentiate. For them, things like caste, community, or region do not exist. It is not that government or an authority mandates them to write, they write because they can think beyond themselves.
Also, comparing between "talent" and "mediocrity", giving example of the Akademi itself, he said people criticising Akademi for "mediocre" people making into the Akademi should first know the real difference between the two.
"Talent is a god-gift which only a few in millions get. On the other hand, working on your own skill takes time as you have to put the hard-work into it.
Jerry Pinto, Nasera Sharma, Prabha Varma, Kamal Vora and Paramita Satpathy are among others who were awarded.
The six-day festival, focusing on "protecting the mother tongue and folk literature", also organised a two-day national seminar on protecting mother tongues.
Writers in languages such Halbi, Kurukh and Ladakhi were also felicitated for their contribution towards promoting regional languages.
The festival will also feature a young writers' festival called Yuva Sahiti and Spin-A-Tale for children, besides a host of cultural performances from different parts of the country.
The festival, which began February 21, will continue till February 26.