NSDF inks MoU with NTPC and REC to receive Rs215 crore support for sports development in India

15 Sep 2022 , 08:34 AM

In the presence of Union Minister of Youth Affairs & Sports Anurag Singh Thakur and Union Minister of Power and New and Renewable Energy RK Singh, the National Sports Development Fund (NSDF) of Department of Sports, Ministry of Youth Affairs and Sports  signed a Memorandum of Understanding (MoU) with two Public Sector Undertakings (PSUs) with NTPC (National Thermal Power Corporation) Foundation and REC (Rural Electrification Corporation) Foundation on Wednesday in New Delhi for development of sports in India.

The financial support to be given by NTPC is Rs115 crore over the next 5 years and they will be supporting Archery discipline in India. 

Similarly, REC Foundation has also committed an amount of Rs100 crore over 3 years to support Women’s Hockey, Athletics and Boxing. The support towards NSDF has come through their Corporate Social Responsibility (CSR) mandate.

Speaking on the occasion Anurag Thakur said that two PSUs from the Power Ministry have contributed a total of Rs215 crore for the development of sports , making it an historic occasion. This contribution by the Power Ministry will go a long way to energize the sports sector, he said.

“Earlier, I had urged online donations at NSDF, to adopt an athlete, a sport and an academy. Now, both NTPC and REC have adopted both sports and athletes.

This has all happened because of the vision of the Prime Minister of India Narendra Modi Ji. There are many PSUs but the ones who come forward help in building soft power of India, help athletes keep away from addiction and also motivate them to perform higher at the international stage,” added Shri Thakur.

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