In 1999, then Chief Minister of Kerala, E. K. Nayanar inaugurated the Maha kavi moyinkutty vaidyar smaraka at the poet's birthplace in Kondotty as a cultural centre to attract research into the annotations of "Badar pattu", and its studies and interpretations in Malayalam. The centre runs certificate courses in "Mappilappattu" and "Mappila kali". It also has a folklore study centre, reference library and a historical museum attached to it. Each year it conducts the "Vaidyar Mahotsavam", a two or three-day festival that includes cultural and literary programmes related to all Mappila art forms.The Vaidyar Memorial Lecture is also delivered during the festival.