Union Budget 2024: Riding on Olympics ambitions, experts expect significant boost beyond cricket
₹3,397.32 crore to this sector, including a substantial boost to Khelo India with ₹1,045 crore. Punit Balan, Chairman & Managing Director of the Punit Balan Group, highlighted the government's commitment to fostering athletic talent.
“Considering the Paris Olympics 2024 this year, I hope to see a continued emphasis on encouraging and building future stars. The combination of grassroots initiatives like Khelo India and the professional leagues is essential for nurturing talent and ensuring a sustainable ecosystem for Indian sports." Tenzing Niyogi, CEO and League Commissioner of Ultimate Kho Kho, stressed the necessity for strategic Budget allocations for diverse sports.
"Aligning with the nation's vision to host the 2036 Olympics under the leadership of our honourable Prime Minister Shri Narendra Modi, we expect a strategic allocation for non-cricketing sports for infrastructure and talent development across diverse sporting disciplines. Furthermore, the allocation of funds from NSF is also of utmost importance as it will serve as a catalyst for nurturing grassroots programs and identifying as well as developing raw talent," he said.
“An increase in the National Skill Development Fund is also imperative. This is not only in line with making India a multisport-playing nation but also with the creation of more opportunities through the PPP model to engage and entice additional corporate participation in the Sports Movement," he added.
U Mumba CEO Suhail Chandhok underscored the significance of directing resources towards the development of indigenous sports leagues, talent identification and grassroots initiatives. “With the rapid development of emerging homegrown sports leagues, we anticipate an allocation of funds to
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