India at Tokyo Olympics: Indian medal winners to get highest cash awards

India at Tokyo Olympics – Cash Awards for Indian Athletes: Indian athletes competing at the Olympics can earn big cash awards by winning Olympic medals this time. The cash awards announced by the various state governments range from 25 Lac to 6 Crore and this will make Indians the most rewarded sportsperson all around the globe.

India at Tokyo Olympics – Highest Cash Awards for Indian Athletes: No Americans, No Russians but Indian athletes to get highest cash awards for winning Olympics medals –

Sample Gold medal-winning bonus announced by few countries –
– USA Gold medal winner is due to $37,500 (28 Lakhs)
– Kazakhstan announced $250,000 (1.87 Cr)
– Italy has announced $166,000 (1.25 Cr)
– Russia will give $61,000 (46 Lakhs) to every Gold medal winner
– Germany has announced a bonus of $25,000 (18.73 Lakhs)
– Canada will give a bonus of $20,000 (15 Lakhs) to Gold medal winners

The gov’t money rewards for
Olympic medals at #Tokyo2020
What about Iran , India , Turkey and Japan ? How much do they get for winning medals? pic.twitter.com/ERxJ2juxev

— Ivan_FSwrestling (@sikom_d) July 3, 2021

In comparison, most of the Indian states have announced far bigger bonuses and prize monies for the Indian winners. Haryana & Uttar Pradesh have announced cash awards of 6 Crores which is more than any nation showering on their Gold Medal-winning athletes.

India at Tokyo Olympics: India athletes will get the richest world over by winning Olympic medals, states ready to shower more monies than nations globally

India at Tokyo Olympics – Highest Cash Awards for Indian Athletes: Olympic gold medalists from Indian contingents will get cash awards ranging from Rs. 25 lakhs to Rs. 6 crores. Bajrang Punia’s home state, Haryana & UP have announced a cash award of Rs. 6 crores for gold and 2.5 crores for a bronze medal.

On the other hand, Indian paddler Sutirtha Mukherjee and gymnast Pranati Nayak’s home state West Bengal will award cash awards ranging from Rs. 25 lakhs(for a gold medal) to Rs. 10 lakh(for a bronze medal).

While the state awards are separate from the Rs 75 lakh (gold), Rs 50 lakh (silver), and Rs 30 lakh (bronze) that the Central Government offers to Olympics medallists, the reason for the disparity in the cash awards is because the monetary value of an Olympics medal in India depends on where the medallist hails from.

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Manoj Tiwary, former cricketer and West Bengal’s new Minister of State for Affairs of Sports and Youth, said to the Indian Express: “As per the 2018 order of the West Bengal government, for the Olympic Games, prize money for a gold medallist is Rs 25 lakh. For a silver medallist, the prize money announced was Rs 15 lakh, while a bronze medallist gets Rs 10 lakh. From West Bengal, three sportspersons are going to the Olympics this year, and we will do what needs to be done for their encouragement.”

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India will be sending its largest contingent ever to the Olympics, with 127 members showcasing their talent at the showpiece event. The Indian athletes will be competing across 18 sports, which is way more than what they competed in at the last Olympics.

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India at Tokyo Olympics: Why is Haryana offering the highest cash award?

Haryana has 31 athletes, the most from any state in the Indian contingent.

At the Tokyo Olympics, Haryana has contributed 9 out of the 16-members squad of the women’s hockey team and 8 wresters (4 men, 4 women).

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