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This government scheme aims to reward Indian sportspersons and their coaches with cash prizes for winning medals Read More... in international sports events, encouraging excellence and participation. Read less

Details

Our nation's athletes bring pride to India with their achievements on the world stage. To recognize and encourage these stellar performances, the Government of India has a special scheme offering cash incentives to medal winners at international sports events, along with their coaches.

What Is This Scheme About?

Introduced in 1986 and revised over time, this scheme by the Ministry of Youth Affairs & Sports, Department of Sports, is all about celebrating and financially rewarding our sportspersons who bring home medals from major international competitions. The goal is to make it easier to get these awards, push athletes to achieve even more, and inspire youngsters to dream big in sports.

Who Can Benefit?

The scheme is designed for talented Indian sportspersons who win medals in recognized international sports events. It also acknowledges the hard work of their coaches by providing them with a share of the reward.

Why This Scheme Matters

By providing financial recognition, the scheme aims to motivate athletes to reach new heights in their careers. It also serves as a powerful inspiration for the next generation of athletes, showing them that dedication and success in sports can lead to significant rewards and national recognition.

Objective

This government scheme aims to reward Indian sportspersons and their coaches with cash prizes for winning medals in international sports events, encouraging excellence and participation.

Benefits

Capital Investment Subsidy:The scheme offers a subsidy of 40% against the Fixed Capital Investment.Maximum Ceiling:The maximum subsidy amount is capped at ₹5,00,00,000/- (Five Crore Rupees).Conditions

The unit must be established and operated as per the definition, criterion, and standards defined by the Government.

The unit must operate continuously for at least three years from the date of availing the subsidy.

The beneficiary must submit a self-declaration regarding continuous operation on or before the 15th of April every year.

If the unit closes within one year of receiving the subsidy, 80% of the amount must be refunded.

Sources and references

Guidelines

Eligibility Criteria

The cash incentive is exclusively awarded for achievements in the specific sports disciplines that are recognized under this scheme. To be eligible, sportspersons must have won medals in these recognized international events.

How To Apply

Details on the specific application process and where to submit applications are typically provided by the Ministry of Youth Affairs & Sports. Interested individuals should refer to the official notifications or website for the most current application procedures, forms, and deadlines. The Ministry of Youth Affairs & Sports, Department of Sports, Government of India, oversees this scheme.

Documents Required

Proof of Medal or Participation
Valid Identity Proof (like Aadhaar Card or Passport)
Bank Account Details for fund transfer
Event Participation Certificate
Details of the Coach
Any other supporting documents as requested by the ministry

FAQ’s

Who is eligible to receive cash awards under this scheme?

Indian athletes who have won medals in international sports competitions are eligible. Their coaches also stand to receive a portion of the incentive.

How is the cash incentive calculated for different international events?

The amount of cash incentive depends on the number of countries participating in the event and whether the medal was won in an individual or team competition. For major events like the Olympics and Asian Games, there's a set incentive per medal. For other events, it varies based on participation levels.

What happens if an athlete wins multiple medals?

For events such as the Olympics, Paralympics, Asian Games, and Para-Asian Games, an incentive is provided for each medal won. For other international events, athletes typically receive the incentive for their highest-achieving medal.

What is the role of the Ministry of Youth Affairs & Sports in this scheme?

The Ministry of Youth Affairs & Sports, through its Department of Sports, is responsible for implementing and managing this scheme. They handle the guidelines, eligibility, and disbursement of incentives.

Does the scheme cover all international sports events?

The scheme covers many international sports events. However, specific major events like the Olympics, Paralympics, Asian Games, Para-Asian Games, and Commonwealth Games have their own incentive structures, while other international events have a separate calculation method based on participant numbers.

Are coaches also rewarded financially?

Yes, absolutely. The coaches of medal-winning athletes are recognized for their contribution and receive 50% of the cash incentive awarded to the sportsperson.

What if very few teams participate in a specific event?

If fewer than 4 teams compete in an event, no cash incentive will be provided under this scheme. This ensures that the competition is of a certain standard.