In honour of Unnayi Warrier, the memorial was founded on 7th December 1955. This memorial was started initially to propagate and encourage Kathakali. Later, courses at the degree level were started for the teaching of Kathakali. Kathakali appreciation courses are also organized. In order to give encouragement to experts in the field of Kalthkali, every year the Unnayi Warrier,Memorial gives awards. The Memorial has an auditorium, hostel for students and guest house.
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