Defence Minister Approves Financial Incentive Scheme for Armed Forces Personnel Excelling in Asian Games

Raksha Mantri Shri Rajnath Singh has demonstrated unwavering support for Armed Forces personnel who excelled in the 19th Asian Games and 4th Asian Para Games, held in Hangzhou, China, during September-October 2023. In a landmark move, the Ministry of Defence has announced a Financial Incentive Scheme to reward the Medal Winners, aiming to foster Recognition and Motivation among these athletes as they prepare for the Paris Olympics Games 2024.

Recognition for Outstanding Performance

• Raksha Mantri felicitated Service Athletes upon their return, acknowledging their remarkable performance.
• Approved Cash Rewards for 45 Medal Winners, including seven Para athletes, showcasing prowess with Gold, Silver, and Bronze medals in both Asian Games and Asian Para Games.

Financial Incentive Scheme Details

• Under this initiative, Gold medal winners in both the Asian Games and Asian Para Games will receive a Cash Reward of Rs 25 lakh each, Silver medalists will be awarded Rs 15 lakh each, and Bronze medalists will receive Rs 10 lakh each.
• This substantial financial support not only recognizes their hard work and dedication but also aims to alleviate some of the financial burdens associated with elite-level training and competition.

Motivation for Future Success

• This marks the first time that the Ministry of Defence has introduced such a Financial Incentive Scheme for Armed Forces Personnel participating in sporting events.
• The announcement of this scheme underscores the government’s commitment to nurturing sporting talent within the Armed Forces and providing them with the necessary support to excel on the global stage.
• It is expected that this incentive will serve as a significant motivator for the athletes as they continue their preparations for the qualifying events leading up to the Paris Olympics Games 2024.