"The National Sports Development Fund (NSDF) has decided to support up to 50 sportspersons for customised training under 'NSDF 50' scheme," the Ministry said in a statement.
"The Sports Authority of India (SAI) has been asked to recommend names of sportspersons in consultation with the concerned National Sports Federations (NSFs) by the end of August, 2013," it added.
The Ministry said it was important that young sportspersons, who are medal hopes for the 2020 Olympics, be "encouraged and supported on a continuing basis".
"...The continuance of assistance should be subject to review of performance of the selected candidates twice in a year."
Besides, Institutes with world-class facilities and coaches of international repute would also to be identified for sending the selected candidates for training.
"EC felt that assurance of continued NSDF assistance to our top medal prospects will enable them to concentrate on their preparation without having to worry about funding," the Ministry said.
"NSDF decided that if an individual sportsperson wins an Olympic medal without funding from NSDF, reimbursement of expenditure incurred by him/her on training, competitions etc. will be considered as per norms," it added.
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
