NEW DELHI: The Union Sports Ministry signed a Memorandum of Understanding (MoU) with National Thermal Power Corporation Foundation and Rural Electrification Corporation Foundation on Wednesday for the development of sports in India.
The NTPC will extend a financial support of Rs 115 crores over the next 5 years for the development of archery discipline in India. REC Foundation has committed Rs 100 cr over 3 years to support women’s Hockey, athletics and boxing. The support towards NSDF has come through their corporate social responsibility (CSR) mandate.