MoU signed between Power PSU and National Sports Development Fund

Tags: Sports National National News

The National Sports Development Fund (NSDF) signed a historic Memorandum of Understanding (MoU) with two Public Sector Undertakings, NTPC (National Thermal Power Corporation) and REC (Rural Electrification Corporation) on 14 September in New Delhi for the development of sports in India.

IMPORTANT FACTS -

• Financial assistance of Rs.115 crore will be provided by NTPC over the next 5 years and this will support Archery in India.

• REC Foundation has also committed an amount of Rs 100 crore over 3 years to support women's hockey, athletics and boxing.

• NSDF has received this support through Corporate Social Responsibility (CSR).

• With this support from NTPC and REC Foundation, there will be grassroots development of sports, training for identified talent, training of elite talent, development of coaches, sports science support, advance training etc.

National Sports Development Fund (NSDF) :

• It was established in 1998 under the Charitable Endowment Act 1890.

• It was notified by the Government of India in November 1998.

• It helps sportspersons to excel by providing various opportunities for training from coaches of international repute, development of infrastructure to promote the sport and providing financial assistance for other activities.

ADDITIONAL INFORMATION -

Union Minister of Youth Affairs and Sports -Anurag Singh Thakur

Union Minister of Power and New & Renewable Energy - R K Singh