Bhubaneswar, Sep 15 (IANS): The National Thermal Power Corporation (NTPC) said on Thursday that it has pledged to provide Rs 115 crore for archery development in India.
The NTPC has signed a Memorandum of Understanding with the National Sports Development Funds (NSDF) and the Ministry of Youth and Sports (MYAS) for this purpose.
As part of its corporate social responsibility (CSR) initiative, NTPC has committed Rs 115 crore over five years for the development of archery sports. Of the total amount, Rs. 15 crore will be incurred as a one-time expense for preparing the field targets, setting up training centers and equipment like bow and arrow, the company said in a statement. communicated.
Other remaining Rs 100 crore will be incurred as recurrent expenditure in five years (Rs 20 crore per annum) for the development of archery from grassroots level, training of identified talents, training of talent from elite, the development of high-performance coaches, the purchase of equipment, the development of sports and scientific laboratories compatible with archery, scholarships/prize money for the top performers, etc.
The society supports the sport of archery in partnership with the Ministry of Youth and Sports, Sports Authority of India (SAI) and Archery Association of India ( AAI) with the aim of providing world-class facilities with international exposure and platform to India’s talented pool of archers.
The NTPC has been supporting archery sports nationally and internationally since 2018. The agreement has been extended until the next Olympics in 2024, he said.
The NTPC has also extended its support for the organization of all national archery championships for sub-junior, junior and senior categories for men’s and women’s groups, national archery ranking tournaments (NRAT), training facilities, equipment, game kits, among others.
The archers won many international medals during this period and had great results at the Tokyo Olympics and reached the quarter-finals which is considered to be India’s best performance in archery. bow to date.
Indian archers put on an exemplary performance at the Tokyo-2021 Paralympic Games where Harvinder Singh won the bronze medal. In 2021, India was honored with two world records and Indian archers won a total of 49 international medals (20 gold, 20 silver and 9 bronze) in all major international tournaments including the Paralympic Games.