Indians For Guns

I was wondering, what is the legal status of such weapons? Can you buy a sword/shield & bow/crossbow? Or do you need a license or some permission for that as well? Few people in my village & some family members have inherited swords, daggers, shields, bows, crossbows, arrows, bolts & armor, What is the rule regarding such inheritance as well? Greatly appreciated if someone can provide insight.

No license required for bows, crossbows and arrows.

I don't think that the pan India rule is same. It varies from state to state. In my native state Jharkhand as well in Rajasthan I never heard any restrictions on possession of swords and other sharp weapons including bow and arrows.
In my home state I do have a good no of various swords, knife, axe of different varieties, spears. Bows and arrows. No legal hassle faced till now.
In past all the villagers who stayed near the jungle areas used to carry an axe or Tangi ( fish tail shaped axe) with them while they go somewhere alone after sunset.
Also as rightly said, few of the weapons which remains in the family and inherited by the generations has a high sentimental values.
Rajput families and Tribal families respect their family weapons and do worship the same.
To the best of my knowledge, Carrying or possession of knife with longer than 6 inch blade is restricted under law. Same is with other weapons also but the practical implementation of law is missing.