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Sports Ministry raises event aid to Rs 50 crore, plans Olympic Training Centres
Sentiment: NeutralHigh Priority
What Happened?
The Sports Ministry has increased financial assistance for hosting international events in India to Rs 50 crore, as part of a revised scheme totaling Rs 7,386.74 crore. This initiative aims to strengthen India's sporting ecosystem ahead of the 2030 Commonwealth Games and the 2036 Olympics bid.
Key points
- Financial assistance for hosting international tournaments increased from Rs 2 crore to Rs 50 crore.
- The revised scheme has a total outlay of Rs 7,386.74 crore for 2026-27 to 2030-31.
- Olympic Training Centres will be established for elite athletes with modern facilities.
- National Sports Federations must allocate at least 20% of their budget for grassroots development.
- Federations with budgets over Rs 10 crore must appoint a High Performance Director.
Key insights
- The increased funding may attract more international competitions to India.
- Establishing Olympic Training Centres could reduce reliance on foreign training facilities.
- The focus on grassroots development may help cultivate future sports talent in India.
Why it matters
This funding increase could enhance India's ability to host major international sporting events.
Source
India Today
