• Padma Shri Award - Presented by Hon. President of India Shri Pranab Mukherjee, 2016
• Sangeet Natak Akademi Award - presented by the Central Sangeet Natak Akademi for Bharatanatyam, 2001.
• 'Karnataka Rajyotsava Award'- presented by the Karnataka State Government, 2001.
• 'Indira Gandhi Priyadarshini Award' - presented by All-India National Unity Conference, New Delhi, 2001.
• 'Kala Shiromani Puraskaar' - presented by Institute of Economic Studies, Bangalore, 2001.
• 'Karnataka Kalasri' by the Sangeet Nritya Academy, Karnataka Government, 1997.
• 'Mahila Shiromani' Award for excellence in Classical Dance, Shiromani Foundation, New Delhi - presented by the First Lady of India at the Rashtrapati Bhavan, 1995.
• 'Natya Bharati' - Sri Srimukham Sree Virupaksha Vidyaranya Mahapeetam, Hampi, 1995.
• 'Orissa Cine Critics Award for Best Dancer', Bhubaneswar, 1991.
• 'Singaramani' - by Sur Singar Samsad, Bombay, 1987.
• 'Bangalore's Woman of the Decade' award in an internet poll conducted by bangalorebuzz.com in February, 2000

Prathibha Prahlad receiving Padma Shri award at the Rashtrapati Bhavan in 2016.

Prathibha Prahlad receiving award at the Rashtrapati Bhavan in 1995

Prathibha Prahlad and the artists who received the Prestigious Sangeet Natya Academy Award 2001