IOA to reward gold medal winners of Tokyo Olympics with a cash prize of 75 lakhs

New Delhi: The Indian Olympic Association (IOA) towards its efforts to support and encourage the athletes of the Indian Olympic team at the Tokyo 2020 Olympic Games, has decided to announce Cash Awards to the medal winners and concerned participating National Sports Federations of the Tokyo 2020 Olympic Games scheduled to be held from 23rd July to 8th August, 2021 in Tokyo, Japan.

The Advisory Committee of IOA has recommended cash awards for Gold Rs. 75 lakhs, for Silver Rs. 40 lakhs and for Bronze Rs. 25 lakhs to the medal winners. It also recommended a sum of Rs. 1 lakh to each athlete representing the country at the Tokyo Olympic Games.

The IOA has also acknowledged the suggestions of its advisory group that a bonus of Rs. 25 lakhs will be given to each participating National Sports Federations and a further support of Rs 30 lakhs to each medal-winning NSFs of the Tokyo 2020 Olympic Games. Besides this a support of Rs.15 lakhs each will be received by other member National Sports Federations.

The advisory group, recognizing the contributions of the athletes and the support staff, has also recommended a pocket allowance of USD 50 per day to each member of the Indian contingent for their actual days of stay in Tokyo, Japan.

The member State Olympic Associations of the Indian Olympic Association will also receive a sum of Rs 15 lakhs each, as a contribution from IOA towards developing sports infrastructure in the states and in encouraging more athletes to take up sports and realizing their dreams of representing the country in global sports events.

While making the official announcement, IOA Secretary General, Mr Rajeev Mehta said that, “The Indian Olympic Association understands the hardships faced by the athletes and the federations and felt that support and aid is required by all National Sports Federations, State Olympic Associations and most importantly the athletes, after having overcome the hurdles and hard times during the coronavirus pandemic since March last year”.