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Sports Ministry gets wealthy in the budget for 2023, which sees a huge increase of more than 700 crores.
This year, the sports budget has been enhanced by Rs 723.97 crore by Finance Minister Nirmala Sitharaman. The Sports Ministry has been given a budget of Rs. 3397.32 crores for this year. This budget is up Rs 723.97 crore over the previous one. Additionally, Khelo India has been given a budget of Rs 1045 crore.
The Narendra Modi administration has unveiled the final budget of its second term. Today in Parliament, Finance Minister Nirmala Sitharaman delivered the general budget for 2023–2024. The sports budget saw a huge hike this year of more than 700 crores. The Sports Ministry has been given a budgetary allocation of Rs 3397.32 crore by the Finance Minister. This budget is up Rs 723.97 crore over the previous one.
The Government of India has raised the sports budget this year in response to the outstanding play of Indian athletes at the Tokyo Olympics in 2021 and the Commonwealth Games in 2022. Seven medals in all were won by Indian athletes at the Tokyo Olympics. India won 61 medals at the Birmingham Commonwealth Games at the same time.
The national government drastically reduced the sports budget during the Corona era. The placement of the players made an impact which is quite evident. But following that, the government raised Rs 305.58 crore in the most recent general budget.
