Financial assistance from NSDF to Badminton Players selected under TOP Scheme

Following four Badminton players, selected under Target Olympic Podium (TOP) Scheme are undergoing training at Pullela Gopichand Badminton Academy, Hyderabad:

(1)   Shri P. Kashyap; (2)  Shri K. Srikanth; (3) Shri H. S. Prannoy; and (4) Shri Guru Saidutt  

The Academy required funding for purchase of equipment and for deployment of support personnel for the training of these players. The Ministry of Youth affairs and Sports has approved the assistance as per details given below:

S No	Item	Amount approved
1	Gym equipment (As per list at Annexure to this letter)	Rs 28,10,598.00 (Rupees Twenty eight lacs ten thousand five hundred ninety eight only)
2	Physiotherapist (One)*	Rs 40,000.00 per month
3	Masseur (One)*	Rs 20,000.00 per month

*Rs 30,000.00/- in addition for 2 & 3 above for their boarding & lodging

            The financial assistance from National Sports Development Fund (NSDF), approved under this sanction, is out of the contribution made by the India Infrastructure Finance Company Limited (IIFCL), under its Corporate Social Responsibility (CSR) initiative, to the Target Olympic Podium Scheme under the National Sports Development Fund.

            The amount sanctioned should be utilized only for the purpose for which it is sanctioned and unspent balance, if any, shall be refunded immediately after procurement of the equipments.

The facilities proposed to be acquired out of the financial assistance should be made available to the four Badminton players for optimum use as part of their training.  There is no objection to the Academy extending these facilities to other trainees when these are not put in use by the four players selected under TOP Scheme.

            While the equipments will presently be in the custody of the Academy for use, the ownership of these equipments will be with SAI.  Academy shall provide necessary documents to SAI for the purpose.  An MoU will be signed between the academy & SAI for use the equipment apart from the use by the said 4 players under TOP Scheme.  Academy will be responsible for maintenance and AMC of equipment.  

            The provisions for engagement of support persons will take effect from the date(s) of their engagement.  The validity of the arrangement will normally be till Olympic Games 2016.

Courtesy: pib.nic.in