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    Home » Sports » Sports News » A rise in the union’s sports budget of 724 crore
    Sports News

    A rise in the union’s sports budget of 724 crore

    February 2, 2023Updated:February 2, 2023No Comments3 Mins Read
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    A rise in the union's sports budget of 724 crore
    REDIT-HINDUSTAN TIMES
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    The government’s flagship project, Khelo India, has been allocated a sum of 1,000 crore rupees in the year of the Asian Games and qualification for the 2024 Paris Olympics.

    On Wednesday, the union sports budget saw a significant increase in allocations. For the 2023–2024 fiscal year, the sports ministry has been given 3397.32 crore yen. An increase of 723.97 crores from the previous fiscal year.

    The previous fiscal year’s budget was 3062.60 crore (revised: ₹2673.35cr). From September 23 to October 8, the Asian Games.

    Which were postponed last year due to COVID, and will take place in Hangzhou, China. Additionally, elite athletes from India have begun training for various Olympic qualification competitions.

    The amount allotted to the Sports Authority of India (SAI) and National Sports Federations (NSFs) has increased. In 2022-23, the amount of money provided to NSFs has increased to 325 crores, up from 280 crores.

    This year’s revised budget of 749.43 crore yen includes 785.5 crore yen for SAI. In the prior fiscal year, it received an initial allocation of 653 crore rupees.

    In addition to appointing coaches, including foreign experts. SAI oversees the preparation of national teams, manages national camps, and provides athletes with infrastructure and other facilities.

    Khelo India, the government’s flagship program, will receive a significant portion of the sports budget. It receives 1,000 crores, up 400 crores from the revised 600 crores that had been allocated to it in the previous budget.

    The Khelo India Youth Games and Khelo India University Games are held under the scheme. Through its various programs, it has emerged as the platform for talent cultivation and identification.

    Since its inception in 2018, Khelo India has seen a steady increase in its budget. The National Sports University in Imphal has received a significant allocation of 107.84 crore Indian Rupees.

    NSU is the first institution of its kind to offer courses in technology, coaching, sports management, and sports science and medicine.

    In the year of the Asian Games and qualifications for the 2024 Paris Olympics, the union sports budget saw a significant jump in allocation on Wednesday#Budget2023 #UnionBudget2023 #SportsBudget

    Writes @tweet2avishekhttps://t.co/Ir92htppjV

    — CrickIt (@CrickitbyHT) February 1, 2023

    Which provides financial support to medical schools and universities for the establishment of sports science and research centers.

    From 55 crores last year, incentives for athletes have decreased by 10 crores. The National Anti-Doping Agency has received a budget of 21.73 crore yen to combat the doping problem.

    The World Anti-Doping Agency gave the National Dope Testing Laboratory in Delhi. Whose accreditation was restored in December 2021, 19.50 crore rupees?

    Last year, a National Anti-Doping Bill was passed to establish a statutory body to oversee anti-doping sports activities.

    Previous ArticleNew Zealand versus India: Shubman Gill beats Virat Kohli’s record for the maiden T20I century
    Next Article World Cup to be held in Saudi Arabia after Asian Cup in 2027?

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