Complex sentence: Sitaram Jindal Foundation, India has instituted an award "Jindal Prize" in which Rural Development and Poverty Alleviation is one of the category out of five categories for which prizes of Rs. one crore in each category will be awarded annually.
Split into simpler sentences: Sitaram Jindal Foundation, India has instituted an award "Jindal Prize" in which Rural Development and Poverty Alleviation is one of the category out of five categories. Prizes of Rs. one crore in each category will be awarded annually.