Sports Ministry Signs MoUs With NTPC, Rural Electrification Corporation; 2 PSUs Pledge Rs 215 Crore to National Sports Development Fund
News 18The Sports Ministry on Wednesday signed a Memorandum of Understandings with the country’s largest energy conglomerate NTPC and Rural Electrification Corporation with the two PSUs pledging Rs 215 crore to the National Sports Development Fund. While NTPC will provide Rs 115 crore for the development of Archery, REC will give Rs 100 crore towards women’s hockey and boxing. The signing of the MoUs was attended by Sports Minister Anurag Thakur, Power and New & Renewable Energy Minister RK Singh, NTPC CMD Gurdeep Singh and REC CMD Vivek Kumar among others. The remaining Rs 100 crore will be used as recurring expenditure in five years towards the development of archery at the grassroots level, training of identified talents, training of elite talents, development of high-performing coaches, procurement of FOP equipment, development sports and science lab compatible for archery, scholarships/prize money for high performers, advance training/competitive exposure/ foreign training and exposure to sub-junior and junior archers.