Jaitley allocates Rs.400 crore for Indian sports
Finance Minister Arun Jaitley Thursday allocated Rs.400 crore for the development of Indian sports, including upgradation of sports infrastructure in Jammu and Kashmir, a sports university in Manipur and training for athletes for the upcoming Commonwealth Games and Asiad.
The biggest beneficiary was the state of Jammu and Kashmir, where the government will be investing Rs.200 crore to upgrade indoor and outdoor stadiums to international standards.
"Jammu and Kashmir has a lot of sporting talent which is not finding expression due to inadequate sports facilities. I propose to provide a sum of Rs.200 crore for upgrading the indoor and outdoor sports stadiums to international standards in Jammu and in Kashmir Valley," Jaitley said while presenting the national budget in the Lok Sabha.
Jaitley also said that a sports university will be set up in Manipur. For this, Rs.100 crore will be provided in the current financial year.
"I also propose to set up a sports university in Manipur. For this I am providing a sum of Rs.100 crore in the current financial year," he said.
Jaitley also allocated Rs.100 crore for the training of sportsperson for the Glasgow Commonwealth Games starting July 23 and the Asian Games in Incheon in September.
To encourage sports in India, the government will set up a National Sports Academy, Jaitley said in his maiden budget speech. The government will also set-up a Centre for Disability Sports.
"Sports are an integral part of growing up and personality development. Unfortunately, in our country, sports have not been main-streamed to date. The government will set up national level sports academies for major games in different parts of the country to mainstream sports," he said.
These academies will provide international level training facilities at junior and sub-junior levels. Academies will also be set up for shooting, archery, boxing, wrestling, weightlifting and track and field events.
(Posted on 10-07-2014)
Free Yearly Horoscope: Select your zodiac sign