This decision was finalised when Chairman of the akademy, K R Subarna and the Secretary Dr Sudhakar Sharma met Sarkar here yesterday.
Sources said, 124 art pieces including paintings, sculptures and photographs would be shown during twenty-day-long exhibition.
The paintings and sculptures were selected by a group of eminent artists from 8047 entries from 35 states.
Sources said ten art pieces of the exhibited materials would be awarded and each award winner would get Rs 3 lakh in cash and a citation.