IOA Raises Annual Grants to NSFs from INR 10 Lakh to INR 20 Lakh at AGM

IOA Raises Annual Grants to NSFs from INR 10 Lakh to INR 20 Lakh at AGM
The Indian Olympic Association (IOA) announced on Friday during its Annual General Meeting (AGM) that it will raise the annual grants to National Sports Federations (NSFs) from 10 lakh to 20 lakh.

Additionally, state Olympic bodies are set to receive an increased annual sum of 10 lakh, up from the previous 7 lakh.

“The grants to NSFs have been doubled from 10 lakh, and grants to state units have also been increased,” a senior official present at the AGM informed PTI.
The AGM gathered representatives from athletes, NSFs, and IOA office-bearers to assess the efforts made over the past few years and to define future strategies for the Olympic movement in India.

“During the session, the AGM acknowledged the considerable advancements achieved by the IOA in recent months. There was a strong focus on enhancing athlete representation via a more empowered Athletes’ Commission to ensure athletes’ voices are integral to policy-making and decision processes,” as stated by the IOA.

“The assembly recognized significant governance reforms that have been introduced to improve transparency, compliance, and ethical standards in alignment with international best practices.” This AGM was held after a nearly three-year hiatus, with the last meeting occurring in March 2023.

Furthermore, the IOA emphasized initiatives dedicated to athlete welfare and educational programs for athletes and their support teams.

“Discussions also included capacity-building initiatives for NSFs and sports administrators, alongside promoting international engagement to enhance exposure, collaboration, and the adoption of global best practices,” the IOA added.

“Members noted the progress made toward digital and operational modernization aimed at boosting efficiency, accountability, and communication throughout the IOA ecosystem.” At the start of the AGM, participants paid respects to two past IOA presidents and other departed members of the IOA community.

“A moment of silence was observed in their memory, recognizing their lasting contributions to Indian sport while extending heartfelt condolences to their families and loved ones.” Suresh Kalmadi, who was IOA president from 1996 to 2011, passed away on Tuesday, followed by VK Malhotra, who had been acting IOA chief, who passed away last September.

In her address to the AGM, IOA President P T Usha stated, “This AGM signifies our collective dedication to reform, transparency, and most importantly, to our athletes.

“Recently, we have undertaken significant measures to modernize the IOA and prioritize athlete welfare in every initiative. Our focus is on creating a robust, ethical, and globally esteemed Olympic movement for India.” Usha noted that the AGM ended with a renewed spirit of unity and purpose, reiterating the IOA’s commitment to good governance, collaboration with all involved parties, and continuous efforts for the long-term growth of sport in the country, guided by core Olympic values of excellence, friendship, and respect.

“As we honor the legacy of those who paved the way for Indian sport, we also reaffirm our commitment to work collectively—federations, athletes, and administrators—to ensure that Indian sport flourishes with integrity, inclusivity, and excellence,” she concluded.

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