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Sports Fund for Pension to Meritorious Sportspersons

This topic provides information about Sports Fund for Pension to Meritorious Sportspersons.

The need for assured monthly income through annuity for outstanding sportspersons has become imperative due to the fact that sportspersons spend prime of their youth in pursuit of intensive training, sacrificing other beneficial opportunities normally available. The assured monthly income will be a compensation for the opportunities spurned by them in pursuit of their high ambition and achievement in sports.

The Ministry of Youth Affairs and Sports is Sports Fund for Pension to Meritorious Sportspersons to provide life long monthly pension to medal winners in Olympic Games, Commonwealth Games, World Championships in the disciplines included in Olympic Games and Asian Games, Paralympic Games after their retirement from active sports or they attain the age of 30years, whichever is later.

Aims and Objectives

To provide incentive as well as an added measure of financial security to sportspersons in recognition of their outstanding performance in identified international competitions i.e., Olympic Games, Commonwealth Games and Asian Games and World Cups/World Championships in Olympics and Asian Games disciplines and Para-Olympic Games.

Eligibility

The Scheme will be applicable to sportspersons, who are Indian citizens and have won Gold, Silver or Bronze medals in Olympic Games, World Cup/World Championships in Olympics and Asian Games disciplines, Asian Games, Commonwealth Games and Para-Olympic Games.

The pension shall be payable to a sportsperson on his or her attaining the age of 30 years and will continue during his/her life time provided that the sportsperson at the time of applying such pension would have retired from an active sports career. An undertaking to this effect will have to be given by the sportsperson in the application from itself.

A sportsperson availing of the pension under this Scheme will not be deprived of financial benefits/scholarships/ex - gratia/ grants or any other monetary benefit admissible to him/her from any other source and, vice-versa, any sportsperson availing of any such benefit will not be deprived of the admissible pension under this scheme.

Those sportspersons who are eligible under the scheme can contact the Department of Sports, Ministry of Youth Affairs & Sports to enable them to get immediate benefit of the Scheme.

Assistance given

The revised rates of pension are as follows.

Category of meritorious pension

Amount in Rs.

Medallist at the Olympic/Para-Olympic Games

Rs.20,000/-

Gold medallist at World Cup/World Championship (in Olympic/Asian Games disciplines)

Rs.16,000/-

Silver/Bronze medallist at World Cup/World Championship (in Olympics / Asian Games disciplines)

Gold medallist in Asian Games/Commonwealth Games/Para Asian Games

Rs.14,000/-

Silver and Bronze medallist in Asian Games/Commonwealth Games/Para Asian Games

Rs.12,000/-

To access the complete guidelines, click here.

Source : Ministry of Youth Affairs

2.92857142857
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