Finance Minister Arun Jaitley Saturday allocated Rs.1541.13 crore to the ministry of youth affairs and sports for 2015-16, an increase of approximately Rs.384.52 crore from the last financial year.
For the 2014-15 year, the sports ministry was earmarked Rs.1156.61 crore.
The Youth Welfare Scheme is a major beneficiary, getting Rs.336.62 crore as against last fiscal year's Rs.255.51 crore.
Another beneficiary are awards that have been increased to Rs.30 crore as against last fiscal year's Rs.13.20 crore.
The Sports Authority of India (SAI) will have a share of Rs.369.39 crore as compared to last fiscal year's Rs.352.05 crore.
The budget allocation for development of sports in the Union Territories remained the same at Rs.22.60 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app