Karunakar Vaidya (Nepali: करुणाकर वैद्य; 1914-1989) was a Nepalese writer and folklorist. He is one of the few writers to win the Madan Puraskar, the most prestigious literary award in Nepali literature, twice. He won the award for Mitrika Udhyog in 1956 and for Nepalko Paramparagat Parbidhi in 1979.
He received the prestigious Madan Puraskar for his books Mitrika Udhyog in 2014 BS (c. 1956) and Nepalko Paramparagat Parbidhi in 2036 BS (c. 1979).[2]