NATIONAL SPORTS DEVELOPMENT FUND-The Hindu-16-09-2022
NSDF has inked MoU with NTPC (National Thermal Power Corporation) Foundation and REC (Rural Electrification Corporation) for the development of sports in India.
It was established in 1998 under the Charitable Endowments Act 1890 and was notified by the Centre in 1998.
To impart momentum and flexibility to assist the cause of sports in India.
To administer and apply the money of the Fund for the promotion of sports in general and specific sports disciplines and individual sports persons in particular for achieving excellence at the National and International levels;
To impart special training and coaching in relevant sports disciplines to sports persons, coaches and sports specialists;
To construct and maintain infrastructure for the promotion of sports and games;
To supply sports equipment to organizations and individuals for the promotion of sports and games;
To identify problems and take up research and development studies for providing support to excellence in sports;
To promote international cooperation, in particular, exchanges which may promote the development of sports;
To provide low-interest or interest-free loans for projects and activities related to any of the aforesaid objects.
This fund under the Ministry of Youth Affairs and Sports, helps sportspeople to train under coaches of international repute.
The Target Olympic Podium Scheme is a flagship program under the Ministry of Youth Affairs and Sports, funded by NSDF. It is an attempt to provide assistance to India’s top athletes. The Scheme funds a Developmental Group of Athletes who are medal prospects for the Olympic Games in Paris in 2024 and the Los Angeles Games in 2028