Annual Report 2011-12.pdf - Performance Management Division

Indians, for promotion of sports and games in the country. In order to make contributions to the
Fund attractive, 100% exemption from income tax is available on all contributions to the Fund. To
begin with, the Government of India made a contribution of Rs. 2.00 crore to the Fund as seed
money during the year 1998-99. Further Government contribution is on matching basis to the
contributions received from other sources. The total money available in the Fund, as on
31.12.2011, is Rs 92.21 crore.
The Fund is managed by a Council constituted by the Central Government with Union Minister
for Youth Affairs and Sports as Chairperson. The day to day working of the Fund is managed by an
Executive Committee of ten members headed by Secreatry, Department of Sports.
Financial Assistance from NSDF:
NSDF has given financial assistance to outstanding Sports persons, Sports Federations and other
organizations. Top level sports persons, who are medal winning prospects in Olympics,
Commonwealth Games, Asian Games and other international competitions, are selected for
financial assistance from NSDF. The assistance is given for their customized training, both in
India and abroad, to prepare them for winning medals at international events. Elite athletes
preparing for London Olympics 2012 are being given financial assistance from NSDF under the
OPEX project.
Reputed Organizations/Institutes, engaged in promotion of sports and games, can also get
financial assistance for specific projects like creation of infrastructure, procurement of state of the
art equipments etc provided a large population of the area/region get the benefits derived out of
such projects.
The details of beneficiaries assisted from National Sports Development Fund till date is given in
Annexeure-XI
During 2011-12, Jaypee Sports International and Government of Maharashtra contributed Rs. 10
crore and Rs. 1 crore respectively to NSDF. Details of contributions, including Government of
India contributions, to the Fund, since its inception, are at Annexure-XII.
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84 ✦ Department of Youth Affairs & Sports