In September 2021, the National Sports Development Fund (NSDF) of the Department of Sports has signed an MoU with which of the following for the contribution of Rs. 75 crore towards NSDF?

LohaHridoy
  1. NTPC Limited
  2. Coal India Limited
  3. Oil and Natural Gas Corporation
  4. Bharat Petroleum
  5. Bharat Heavy Electricals Limited

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Option 2 : Coal India Limited

The correct answer is Coal India Limited.

  • National Sports Development Fund (NSDF) of the Department of Sports has signed an MoU with Coal India Limited (CIL)
  • CIL will contribute of Rs. 75 crore towards NSDF as part of CSR (Corporate Social Responsibility).
  • Three hostels at SAI academies at Bangalore, Bhopal, and LNIPE Gwalior will be constructed with the help of this fund.

  • Contribution to NSDF has mainly come from PSUs and PSBs.
  • As on 31.03.2021, total CSR contributions received were Rs. 170 crore and Governmentof India, Ministry of Youth Affairs & Sports has made contribution of Rs. 164 crore.
  • From this fund, the Ministry has given assistance to organizations for infrastructure and setting up of academies, assistance to sportspersons for their customized training and to Sports Authority of India (SAI) for athletes covered in Target Olympic Podium Scheme (TOPS).

  • TOPS (Target Olympic Podium Scheme) is a flagship program of the Ministry of Youth Affairs and Sports which is an attempt to provide assistance to India’s top athletes.
  • The Scheme looks to add a premium to the preparations of these athletes so that they can win medals in the Olympics.
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