The 31-year-old, who has played 97 Tests, 80 ODIs and 14 T20Is for India, is one of the 27 sportspersons who have been honoured with the Arjuna Award this year.
Kovind presented Rajiv Gandhi Khel Ratna Award, Arjuna Award, Dronacharya Award, Dhyan Chand Award, Tenzing Norgay National Adventure Award and Rashtriya Khel Protsahan Puraskar.
Rai was to receive the Dronacharya Award from President Ram Nath Kovind in the lifetime category.
Among the nine, cricketers Rohit Sharma (Khel Ratna) and Ishant Sharma (Arjuna) will not attend the ceremony as they are in the UAE.
Nine award winners will not attend due to several reasons like being quarantined, tested positive, ill health or not in the country etc, said SAI.
There are award winners from disciplines that are not played in the Olympic, Asian or Commonwealth Games.
In 2009 and 2016, three and four were chosen for Khel Ratna, respectively. Normally, it is given to one or two.
Two additional members who have been Dronacharya Awardees may be invited by the Chairperson while considering the nomination for Dronacharya Award.
The national sports awards are given away every year on August 29, the birth anniversary of hockey icon Dhyan Chand.
The pandemic had last month forced the sports ministry to extend the deadline for submission of online applications for the awards.
As per prescribed norms, the nominations for national awards can only be made along with recommendation of the national federation, sports board, and former awardees.
The pandemic and subsequent lockdown delayed the process, which usually begins in April.
The National Sports Awards include Rajiv Gandhi Khel Ratna, the Arjuna, Dronacharya and Dhyanchand which were conferred every year by the President of India at the Rashtrapati Bhawan.