MUMBAI: India Infrastructure Finance Company Limited (IIFCL) has made contribution of Rs 100 million to the National Sports Development Fund. This is the third installment of contribution made by the IIFCL making its total contribution to the NSDF Rs 300 million.
The IIFCL contribution is being utilized for promotion of sports in the disciplines Badminton, Archery and Para Sports by way of support to sportspersons in these disciplines for their customized training and other services and setting up of academies/support to academies in these disciplines.
NSDF was established with the objective of promotion of excellence in sports through support to top level sportspersons who are medal prospects in Olympics and other major international competitions and creation of sports infrastructure in priority disciplines, etc.
The Fund accepts contributions from private/public corporate sectors, other legal bodies like trusts/societies, individuals etc.
The Fund has made significant contribution for promotion of sports by way of financial assistance to top level sportspersons for their customized training, purchase of equipment and participation in international competitions. The Fund also has extended support to a few renowned sports academies/institutes (which provide facilities for training of potential young sportspersons) for development of sports infrastructure.
