Option 1 -> Gurdial Singh was a renowned Punjabi novelist and short story writer who received the Jnanpith Award in 1999, but not the 2024 Sahitya Akademi Award.
Option 2 -> Pal Kaur is a contemporary Punjabi writer who was honored with the Sahitya Akademi Award 2024 for her contributions to Punjabi literature.
Option 3 -> Baldev Singh, while a notable name in Punjabi literature, was not the recipient of the 2024 Sahitya Akademi Award for Punjabi.
Option 4 -> Nachhattar Singh is associated with Punjabi literary circles but did not receive the Sahitya Akademi Award 2024 for Punjabi.
Hence, Option 2: Pal Kaur -> Pal Kaur was conferred with the prestigious Sahitya Akademi Award 2024 for Punjabi in recognition of her outstanding literary work and contribution to Punjabi literature -> correct