Fund allocation for 2023-24 raised by 11 per cent

Up to date:
Feb 02, 2023 17:10 IST

New Delhi [India], February 2 (ANI): The central authorities has particularly introduced sports activities and youth affairs into the centre stage and gave a fillip to the general ecosystem within the nation by way of 360-degree help by allocating Rs 3397.32 crore to the Ministry of Youth Affairs and Sports for the forthcoming monetary yr 2023-24.
The Funds allocation for the Ministry of Youth Affairs and Sports has been elevated by 11 per cent compared to FY 2022-23. That is the highest-ever finances allocation for the Ministry since 2010 when Commonwealth Video games had been held in India. The Funds allocation is greater than thrice the finances of 2011-12 and virtually two instances the finances of 2014-15.
The Funds allocation for the Division of Sports activities is INR 2462.59 crore in opposition to the final yr’s allocation of INR 2254 crore and for the Division of Youth Affairs is INR 934.73 crore in opposition to the final yr’s allocation of INR 808.60 crore.
Main schemes/organisations of the Ministry having substantial will increase in finances outlay this yr are Khelo India (INR 1000 crore), Sports activities Authority of India (INR 785.52 crore), Nehru Yuva Kendra Sangathan(INR 401.49 crore), Nationwide Sports activities Federations (INR 325 crore) and Nationwide Service Scheme(INR 325 crore).
Union Minister for Youth Affairs and Sports activities, Anurag Thakur applauded the Union Funds 2023-24 and expressed his gratitude to Finance Minister Nirmala Sitharaman for giving precedence to the sports activities and youth sector Anurag Thakur stated, “Recognising the necessity to fully revamp the prevailing sports activities ecosystem within the nation, Prime Minister, Narendra Modi, for the reason that very starting, has given unprecedented consideration to grassroots-level expertise identification, infrastructure constructing, help to elite athletes and creating an general sports activities tradition that would supply equal alternatives to ladies, the divyang and the youth from far-flung areas. The results of this has been the introduction of distinctive schemes and programmes, just like the Khelo India Scheme, Fit India Movement, Target Olympic Podium, Mission Olympic Cell and so forth. These programmes have proved to be very profitable and are broadly acclaimed throughout the nation. With the Prime Minister injecting a renewed vigour into sports activities, numerous historic firsts have additionally been recorded in India’s sporting historical past since 2014″.
One of many particular initiatives of the Division of Youth Affairs within the coming yr might be constructing a Yuva Management Portal to achieve out to youth and have interaction them in varied actions in order to enhance their management expertise and inculcate a better sense of accountability in the direction of society. The portal is being designed as a registry for younger individuals who want to enrol for any exercise that improves the standard of lifetime of the neighborhood and in addition will increase their income-earning capability. It could assist to attach the youth of the nation with varied city and rural native our bodies, small companies, farmer-producer teams and cooperative societies with a particular concentrate on digital literacy and monetary literacy. Such an engagement would supply experiential studying to the youth, enhance their management expertise and on the identical time, enhance the productiveness of native communities. It’s in concord with the imaginative and prescient of India as a affluent and caring nation. The challenge is anticipated to be accomplished and the portal launched in lower than a yr.
The Capex provisions within the Funds of the Ministry are for INR 935.68 crore (27% of the finances) which incorporates the Grants for the creation of Capital Belongings. (ANI)

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