The "Ramkumar Prize for outstanding Teaching and Research" carries a cash prize of Rs. 1,00,000/- to an outstanding faculty member of IIT Roorkee on the basis of his/her performance in teaching and research. The nomination undergoes the following process.

1. Each year, applications / nominations are invited from the faculty of IIT Roorkee.

2. The award is to be conferred during the Convocation, which can be changed to any other occasion, e.g. Teachers Day, if the donor agrees.

The selection committee consists of the following five members:
a) Director - Chair
b) Two eminent academics (from the panel of BoG nominees).
e) One Institute Chair Professor (nominated by the Director for two years).

4. The recommendations of the committee would be sent to the BoG for approval.