While releasing the amount, Amarinder said that he learnt about the legendary boxer's financial plight from media reports.
Singh was reportedly struggling to repay Rs two lakh he had borrowed from a private financer to fund his treatment for cardiac problems.
Singh is best remembered for taking the ring against boxing legend Muhammad Ali in an exhibition bout in New Delhi in 1980. He won a gold in the Asian Games in 1982, got the Arjuna Award in 1982 and the Padmashri in 1983.
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