Indian Olympic Association declares money prizes for medal winners in Tokyo, Rs 75 lakh for Gold

The Advisory Committee of the Indian Olympic Association (IOA) has advisable money awards for Indian athletes collaborating in Tokyo Olympics. Athletes successful gold medal within the international sports activities occasion will likely be awarded ₹75 lakh. Tokyo 2020: Indian Olympic Association to provide money prizes to Indian medalists. (Reuters Photo)HIGHLIGHTSAthletes successful gold medal within the international sports activities occasion will likely be awarded Rs 75 lakhIOA Advisory Committee has advisable that silver medal winners will likely be offered Rs 40 lakh Besides, help of Rs 15 lakhs every will likely be acquired by different members National Sports FederationsThe Indian Olympic Association (IOA) on Thursday introduced that it might give the Tokyo Olympics gold medal winners a money award of Rs 75 lakh other than giving every of the collaborating National Sports Federations (NSFs) a bonus quantity of Rs 25 lakh.

The IOA Advisory Committee has advisable that silver medal winners will likely be offered Rs 40 lakh, whereas the bronze winners will get richer by Rs 25 lakhs.”It also recommended a sum of Rs. 1 lakh to each athlete representing the country at the Tokyo Olympic Games,” IOA mentioned in an announcement.The IOA has additionally acknowledged the solutions of its advisory group {that a} bonus of Rs. 25 lakh be given to every collaborating NSF and an additional help of Rs 30 lakh to every medal-winning NSFs.Besides, help of Rs 15 lakhs every will likely be acquired by different members National Sports Federations.”This is the first time IOA is giving reward to medal winners and medal producing NSFs to such an extent,” IOA secretary normal Rajeev Mehta mentioned.The advisory group additionally advisable a pocket allowance of USD 50 per day to every member of the Indian contingent for his or her precise days of keep in Tokyo.IOA additionally mentioned that the member State Olympic Associations “will also receive a sum of Rs 15 lakh each, as a contribution from IOA towards developing sports infrastructure in the states and in encouraging more athletes to take up sports.”Mehta mentioned: “The Indian Olympic Association understands the hardships faced by the athletes and the federations and felt that support and aid is required by all National Sports Federations, State Olympic Associations and most importantly the athletes, after having overcome the hurdles and hard times during the coronavirus pandemic since March last year.”Click right here for IndiaToday.in’s full protection of the coronavirus pandemic.