NEW DELHI: The Union Sports Ministry signed a Memorandum of Understanding (MoU) with National Thermal Power Corporation Foundation and Rural Electrification Corporation Foundation on Wednesday for the development of sports in India. 

The NTPC will extend a  financial support of  Rs 115 crores over the next 5 years for the development of  archery  discipline in India. REC Foundation has  committed  Rs 100 cr over 3 years to support women’s Hockey, athletics and boxing. The support towards NSDF has come through their corporate social responsibility (CSR) mandate.

Feb 08, 2019 13:02
NEW DELHI: The Sports Ministry has revealed that it has provided funding worth Rs 350 million from the National Sports Development Fund (NSDF) for the Sports Authority of India’s Target Olympic Podium Scheme (TOPS) in the ongoing financial year.
Feb 01, 2019 19:02
NEW DELHI: In the interim budget presented by Finance Minister Piyush Goyal on Friday, the allocation to sports has been increased for the financial year 2019-2020.  This includes a hike in funds for the Sports Authority of India (SAI), the National Sports Development Fund (NSDF) and the corpus meant for giving incentives to sportspersons.
Jan 02, 2019 15:01
NEW DELHI: Union Sports Minister Rajyavardhan Singh Rathore revealed during a Rajya Sabha meet on Monday that the Indian government had increased its funding to the Sports Authority of India (SAI) during the financial year of 2016-17.
May 05, 2018 17:05
NEW DELHI: The Sports Ministry will invite the country’s top businessmen to invest in the National Sports Development Fund (NSDF) as a part of a ‘public-private partnership’, Times of India reports.  The government will be looking to rope in those corporates who have a history of supporting sporting initiatives in the executive board that manages the NSDF.
Mar 21, 2018 10:03
MUMBAI: India Infrastructure Finance Company Limited (IIFCL) has made contribution of Rs 100 million to the National Sports Development Fund. This is the third installment of contribution made by the IIFCL making its total contribution to the NSDF Rs 300 million.