Sports Minister Vijay Goel made the announcement at a felicitation function organised at his residence and also said they will strive to make Kabaddi an Olympic discipline.
India had defeated Iran 38-29 in the summit clash to take its third World crown.
"All players will get Rs 10 lakh each and the coach will also be awarded. We will also strive that this game of ours is there in Olympics. It's not just about cricket, we want football, hockey and other games to be promoted," Goel said.
"Competition is tough out there but advantage that we have is that it's our rural game, we have played it since childhood and they have started playing it only recently," Anup said.
The captain also said more the international teams are in World Cup, the better it would be for the campaign to have this game in Olympics.
Man-of the-tournament Ajay Thakur said it's only a myth that Indian team faces no competition.
The minister also said the preparations for next Olympic Games in 2020 and 2024 and 2028 have to start now.
"We want to pick and train talented kids from the age of eight years. We are asking people to upload the CVs and videos of kids on a sports portal. The local SAI centres will decide which kids can be supported for world class training," Goel said.
Officials from broadcaster Star Sports, the main sponsors of the Kabaddi World Cup, were also present on the occasion.
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