Budget 2022 LIVE Updates: Sports sector gets Rs 3062 Crore: Union Finance Minister Nirmala Sitharaman offered a major boost to the sporting sector, increasing the budget allocation by over Rs 300 crore to Rs 3062.60 Cr for 2022-23 financial year as she introduced the Finance Bill 2022 in Parliament on Tuesday. With Asian Games and Commonwealth Games, it will be a major boost for sportspersons. Follow Budget 2022 LIVE Updates & National Sports Budget LIVE on InsideSport.IN
Budget 2022 LIVE Updates: Sports sector gets Rs 300 Crore boost, total budget allocated Rs 3062.60 Cr ahead of Asian Games and Commonwealth Games
Country’s tremendous success at the Tokyo Olympics seems to have influenced the sports budget as the central government on Tuesday allocated Rs 3062.60 crore for financial year 2022-23 — an increase of Rs 305.58 crore, compared to the last year’s amount.
In the last financial year, the government had allocated Rs 2596.14 crore for sports, which was later revised to Rs 2757.02 crore.
India won seven medals, including a historic track and field gold, at the Tokyo Olympics. The sporting activities have also resumed in a phased manner in the country and 2022 is an important season because of two global events — the Birmingham Commonwealth Games and Hangzhou Asian Games — lined up.
Considering all of it, the government may have decided to spend more on sporting activities.
The government’s flagship Khelo India programme witnessed an increase of Rs 316.29 crore in the 2021-22 budget, presented by Finance Minister Nirmala Sitharaman on Tuesday.
The financial allocation towards the Khelo India programme, which got Rs 657.71 crore in the last budget, was increased to Rs 974 crore.
The total encouragement and awards to sports persons have seen a substantial increase from Rs 245 crore to Rs 357 crore.
The Sports Authority of India’s budget had been reduced by Rs 7.41 crore to Rs 653 crore.
The SAI is the nodal organisation to manage nationals camps, provide infrastructure, equipment and other logistics to the country’s sportspersons.
The allocation towards the National Sports Development Fund has been reduced by Rs 9 crore to Rs 16 crore.
The National service scheme has witnessed a whopping jump of Rs 118.50 crore from Rs 165 crore to Rs 283.50 core.
The allocation towards National Sports Federations (NSFs)remained untouched at Rs 280 crore.
As far as incentives for sportspersons are concerned, the budget has proposed a minimal hike of Rs crore to Rs 55 crore.
The budget for the National Sports Development Fund has been further reduced to Rs 16 crore from Rs 25 crore.
Budget 2022 LIVE Updates: Sports sector gets Rs 300 Crore boost, total budget allocated Rs 3062.60 Cr ahead of Asian Games and Commonwealth Games
How to watch Budget 2022 LIVE in India?
Fans can watch Budget 2022 LIVE on Lok sabha and Doordarshan
How to watch Budget 2022 LIVE Streaming in India?
Fans can watch Budget 2022 LIVE streaming on Youtube
When will Budget 2022 LIVE be Started? – Date
Budget 2022 LIVE will start on 1st Feb 2022.
What Time Budget 2022 LIVE Will begin? Time
Budget 2022 LIVE Will begin at 11:00 AM IST.
What are the venues for Budget 2022 LIVE? – Venue
Budget 2022 Venue – Parliament of India
Budget 2022 LIVE Updates: Sports sector gets Rs 300 Crore boost, total budget allocated Rs 3062.60 Cr ahead of Asian Games and Commonwealth Games
Follow Budget 2022 LIVE Updates & National Sports Budget LIVE on InsideSport.IN
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