mgnaehxb

Interim Budget 2019: Allocation for sports increased by over Rs 200 crore

first_imgInterim Budget 2019: Allocation for sports increased by over Rs 200 croreInterim Budget 2019: The overall sports budget was increased from Rs 2002.72 (2018-2019) crore to Rs 2216.92 crore in the new budget announced by Finance Minister Piyush Goyal.advertisement Press Trust of India New DelhiFebruary 1, 2019UPDATED: February 1, 2019 16:47 IST The Khelo India National Programme for Development of Sports too got a hike of Rs 50.31 crore in the interim budget. (Khelo India Photo)HIGHLIGHTSThe allocation to SAI has been increased by Rs 55 crore in the interim budget 2019Allocation for National Sports Development Fund has increased from Rs 2 crore to Rs 70 croreFinance Minister Piyush Goyal announced the interim budget in the parliament todayThe government on Friday increased the sports budget by Rs 214.20 crore for the financial year 2019-2020, including a hike in funds for the Sports Authority of India (SAI) and incentives for sportspersons.In the interim budget presented by Finance Minister Piyush Goyal, the overall sports budget for 2019-2020 was increased from Rs 2002.72 (2018-2019) crore to Rs 2216.92 crore.The significant gainers in the interim sports budget are SAI, the National Sports Development Fund (NSDF) and the corpus meant for giving incentives to sportspersons.The allocation to SAI has been increased by Rs 55 crore. From Rs 395 crore, the allocation has been increased to Rs 450 crore in the fresh proposals. The SAI is the nodal organisation to manage nationals camps, provide equipment and other logistics to the country’s sportspersons.Interim Budget 2019 LIVE updatesBesides, the allocation for NSDF has increased from Rs 2 crore to Rs 70 crore.The Finance Minister also proposed an increase in the incentive fund for the sportspersons, from Rs 63 crore to Rs 89 crore.However, the assistance to National Sports Federations (NSFs) has been slashed slightly from Rs 245.13 crore to Rs 245 crore.The overall encouragement and awards to sportspersons have been increased by Rs 94.07 crore. The previous allocation stood at Rs 316.93 crore and will now be Rs 411 crore.The Khelo India National Programme for Development of Sports too got a hike of Rs 50.31 crore and from the previous allocation of Rs 550.69 crore, it is now Rs 601 crore.Also Read | Income Tax Calculator: Here is what you got to payAlso Read | Rahul Gandhi slumped, PM Modi thumpedadvertisementGet real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Tags :Follow interim budget 2019Follow Sports Authority of IndiaFollow National Sports Development FundFollow Khelo India Nextlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *