India in Olympics
IOA announces financial bonanza to medal winners in Tokyo Olympics
New Delhi: The Indian Olympic Association (IOA) Thursday announced a handsome financial bonanza to the indian medal winners in the Tokyo Olympic Games beginning on Friday.
IOA General Secretary Rajeev Mehta informed that the gold medal winners will receive Rs.75 lakhs each while the silver and bronze medalists will get Rs. 40 lakhs and Rs. 25 lakhs each respectively. Beside all the participating players and athletes in this Olympic Games will get Rs. one lakh each.
Mehta said that all participating national sports federations (NSF) of the country in this Olympic Games will receive a bonus of rupees 25 lakhs each while the medal winning NSFs will get a further award of rupees 15 lakh each.
Various state Olympic associations under IOA in the country would also receive a grant of Rs. 15 lakh each from IOA for development of sports infrastructure in respective states.
IOA has also sanctioned a pocket allowance of 50 US dollars per day to all the members of the Indian contingent.
Announcing the cash awards, grants and allowance, Mehta intimated: "The Indian Olympic Association understands the hardship faced by the athletes and federations and felt that support and aid are required by all national federations, state associations and most importantly the athletes after having overcome the hurdles and hard times during the coronavirus pandemic since March last year."
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