Up, Haryana, Odisha, Chhattisgarh and the RS 6CR cash award for the highest gold medal in Dunianew Delhi: Indian athletes who compete in the Olympics can get a big award by winning the current Olympic medal.
The cash award announced by various state governments along with the union assessment policy of the United States will make the Indian medal winner the most valued athletes in the world.
The financial advantage of the Indian Medal winner will be far more than what large countries such as the United States, organize Japan, Canada, Germany, Australia, France, Italy, Russia, the Netherlands, Brazil and South Africa have announced for their medal winners athletes.
Besides India, 5 states that provide cash bonuses for medals are: Indonesia ($ 746,000, RS 5.55CR), Singapore ($ 735,000, RS 5.47CR), Hong Kong ($ 644,000, Rs 4.03), Thailand ($ 309,300, Rs 2.30CR)), Kazakhstan ($ 250,000, RS 1.86CR).
All amounts for gold medals.
The numbers for silver and bronze medal winners follow similar trends.
In India, Uttar Pradesh, Haryana, Odisha, Chhattisgarh and Chandigarh (administration) have announced the cash bonus of RS 6 Crore for athletes from their country who won the gold medal at the Olympics.
While Haryana, Odisha and Chhattisgarh have announced Rs 4 Crore and Rs 2.5 Crore for their silver and bronze winners, Chandigarh and above will provide Rs 4 Crore and Rs 2 Crore for silver and bronze.
In addition to the individual state government cash award, according to Indian government policies (in March 11, 2020), the Olympic gold winner will get Rs 75 Lakh.
The silver medal gets the winner of Rs 50 Lakh and Bronze Rs 30 Lakh.
The government’s cash award scheme was also more than what the main Olympic nations had given athletes who won their medals.
Toi did some rattling numbers and found that the US gave $ 37,500 (RS 28 Lakh) for the golden winner.
Host Japan $ 45,200 (RS 34 Lakh), Russia $ 61,000 (RS 45 Lakh), France $ 65,000 (Rs 48 Lakh), Germany $ 22,000 (RS 16 Lakh), Canada $ 16,000 (Rs 12 Lakh), Australia $ 15,100 (Rs 11 Lakh), The Netherlands $ 35,400 (RS 26 Lakh), Brazil $ 47,500 (RS 35 Lakh) and South Africa $ 37,000 (RS 27.5 lakh) for the gold medalist.
Only Italy $ 212,400 (RS 1.58CR) which has a large enough amount for their gold medalist.
The United Kingdom, Norway and Sweden did not pay the Olympics for their medals.
However, the government has determined around $ 160 million per year funds to the Olympics and Paralympics, some of them apply to training annual athletes and benefits.
Athletes can receive annual allowances of around $ 36,000.
The English view is that financial rewards do not have a significant impact on the motivation of an athlete to reach the Olympic podium.
Among other Indian countries, Karnataka and Gujarat have announced the amount of cash 5 crore to their players to win gold.
Players from Delhi will be appreciated Rs 3 Crore to win gold, Rs 2 Crore to win silver and Rs 1 Crore for bronze.