National Sports Development Fund

National Sports Development Fund

Subject: Government Schemes

Context: (CIL) has signed an MoU with the Department of Sports, Ministry of Youth Affairs & Sports, Govt. of India at New Delhi for the betterment of sports infrastructure in the country.  Under the MoU, CIL, under its Corporate Social Responsibility (CSR) program will contribute Rs. 75 crores towards the National Sports Development Fund (NSDF).

Concept:

What is National Sports Development Fund?

It was established in 1998 under the Charitable Endowments Act, 1890.

Objective:

• To impart momentum and flexibility in assisting the cause of sports.
• The Fund helps sportspersons excel by providing those opportunities to train under coaches of international repute with technical, scientific and psychological support and giving them exposure to international competitions.
• It also provides financial assistance for the development of infrastructure and other activities for the promotion of sports.
• The Fund is managed by a Council constituted by the Central Government.

Composition:

Chairperson: Union Minister in charge of Youth Affairs and Sports.
Members: Senior Officers of the Department of Sports, Chairman & Managing Directors of Private and Public Sector Companies/Corporations, representatives of Sports Promotion Boards.