Sports ministry gets 700cr-plus boost in Union Budget
Budget 2023: In a year when the Indian athletes will compete at the Asian Games and prepare for 2024 Paris Olympics, the Sports Ministry has got a fillip with the government allocating Rs 3,397.32 crore.
Budget 2023: In a year when the Indian athletes will compete at the Asian Games and prepare for 2024 Paris Olympics, the Sports Ministry has got a fillip with the government allocating Rs 3,397.32 crore, an increase of Rs 723.97 crore, in the Union Budget here on Wednesday.
The amount is more than the revised budget of the previous financial year (2022-23) when the ministry received Rs 2,673.35 crore, as against the actual allocation of Rs 3,062.60 crore.
One of the reasons for the reduced revised allocation for 2022-23 could be the postponement of the Hangzhou Asian Games, which will be held this year.
The ministry's flagship programme, 'Khelo India -- National Programme for Development of Sports' continues to be the government's priority, with it being allotted Rs 1,045 crore as against the revised allocation of Rs 606 crore during the previous financial year.
Click here for Union Budget 2023 Live Updates
This is an increase of Rs 439 crore and points to the government's commitment to the programme, which over the years, has shown the potential to produce athletes for major global events such as the Olympics, Asian Games and the Commonwealth Games.
The Sports Authority of India (SAI), which takes care of organising national camps for athletes, providing infrastructure and equipment to athletes, appointment of coaches and maintaining sports infrastructure, among others, has seen a Rs 36.09 crore increase in its budgetary allocation from the previous year's revised expenditure of Rs 749.43 crore. Their allocation for 2023-24 stands at Rs 785.52 crore.
The National Sports Federations (NSFs) have received an increased allocation of Rs 45 crore, from previous year's revised budget of Rs 280 crore and will now get Rs 325 crore.
The National Anti-Doping Agency (NADA), affiliated to the World Anti-Doping Agency (WADA), and the National Dope Testing Laboratory (NDTL), which earlier received funding from SAI, will now get it directly.
A provision has been made in this year's budget to provide NADA a funding of Rs 21.73 crore, while NDTL, which conducts the tests, will receive Rs 19.50 crore.
With countries across the world striving for sporting excellence and paying more attention to sports science and scientific training of athletes, this year's budget has also made a provision of Rs 13 crore for National Centre of Sports Science and Research.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Hybrid Mutual Funds: Rs 50,000 one-time investment in 3 schemes has grown to at least Rs 1.54 lakh in 5 years; see list
Power of Compounding: In how many years, investors can achieve Rs 6.5 cr corpus with monthly salaries of Rs 20,000, Rs 25,000, and Rs 30,000?
Rs 5,000 SIP for 40 years vs Rs 50,000 SIP for 20 years: Which can create higher corpus? See calculations to know it
07:08 PM IST