The Devi Ahilya Bai Holkar Award is one among the `Stree Shakti Puraskar` which is given for displaying courage and valour.

Option 1 suggests that the award is given for administrative skills. This is incorrect as the award is specifically for acts of courage and bravery.

Option 2 suggests that the award is given for achievements in scientific research. This is also incorrect as the award is not connected to any scientific achievements.

Option 3 implies it is given for achievements in sports and games. While such achievements are notable, it`s incorrect as the Devi Ahilya Bai Holkar award specifically recognises courage and bravery.

Option 4, which is the correct answer, states that the award is given for courage and valour. Indeed, it pays homage to fearless and brave women who have shown extraordinary courage and valour in adverse circumstances.