The Fr. Watrin Memorial Cultural Award is an essential initiative for the preservation and promotion of classical music in Nepal. It recognizes the contributions of distinguished personalities to the Nepali music industry and inspires the younger generation to pursue and appreciate classical music.

The Fr. Watrin Memorial Cultural Award was established in Nepal in 2005 with the aim of promoting and preserving classical music among the younger generation. The award honors distinguished personalities who have contributed significantly to mainstream and classical music in Nepal. The award ceremony was first held in 2005, where prominent singer Deep Shrestha was the first recipient. Bhajan Siromani Bhakta Raj Acharya was honored the following year. However, the ceremony was discontinued after the second edition but was revived in 2016.

Since then, the award has been given to Kunti Moktan, Shila Bahadur Moktan, Gurudev Kamath, Nhyoo Bajracharya, Dr. Dhrubesh Chandra Regmi, Prem Dhoj Pradhan, and Sambhujit Baskota. The event also includes a musical concert called 'Survaahini,' which follows the award ceremony. The chief guests for the award ceremonies have been prominent figures in the music industry.