In a historic event, NTPC and REC Ltd, two major PSUs under Ministry of Power signed Memorandum of Understanding (MoU) with National Sports Development Funds (NSDF) and Ministry of Youth Affairs and Sports (MYAS) with National Sports Development Fund.
R.K Singh, Union Minister of Power and New & Renewable Energy, congratulated both PSUs for their humongous efforts in promoting sports in India by committing Rs 215 Crores. Rs 115 crores commitment is for 5 years by NTPC towards Archery and Rs 100 Crores commitment is by REC for 3 years towards Women’s hockey, Boxing, and athletics.
Power Minister further expressed that many other Power PSUs would also come forward to financially support various other sports. He urged Power PSUs to come forward in providing employment not just to successful athletes but also to other athletes who need support.
REC has initiated assistance for “Broad basing of Sports and promotion of excellence in sports in India” to be implemented by National Sports Development Fund (NSDF), under Ministry of Youth Affairs and Sports with an aim to promote sports in general and specific sports disciplines and individual sportspersons in particular for achieving excellence at the national and international level.
REC has allocated Rs 100 crore to be spent in three years as an Amount of Assistance for its CSR initiative. The fund will be utilized for activities and work permissible for expenditure as a support to Target Olympic Podium Scheme (TOPS) athletes, support for coaches and other support staff and also for any other projects, programmes or events for broad basing of sports and promotion of excellence in sports in India. The fund will also be utilized for the promotion of Boxing, Women Hockey and Athletics to be targeted and any other sports, as may be mutually agreed by REC and NSDF.
NTPC has been supporting the Archery sport in partnership with the Ministry of Youth Affairs and Sports, Sports Authority of India (SAI) and Archery Association of India (AAI) with an aim to provide world class facilities with international exposure & platform to the talented pool of Archers of India.
Under its CSR initiative, NTPC has committed Rs 115 Crore in 5 years for development of Archery Sports. Out of total 115 Crore, Rs 15 crore will be incurred as a one-time expenditure towards preparations of field targets, setting up of training centres and equipment like bow & arrow. Further, remaining Rs 100 crore will be incurred as recurring expenditure in 5 years (Rs 20 crore per year) towards the development of Archery from the grassroot level, training of identified talents, training of elite talents, development of high-performing coaches, procurement of FOP equipment, development sports & science lab compatible for Archery, Scholarships/ prize money for high performers, advance training/ competitive exposure/ foreign training & exposure to Sub-Jr./ Jr. Archers of Recurve and Compound Archers including Para Archers, etc.
