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TOP Scheme and Out of Pocket Allowance

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Capital Market
Last Updated : May 11 2016 | 4:07 PM IST
Sports Authority of India has utilized a sum of Rs 4,39,90,842 out of the block grant sanctioned/releases from National Sports Development Fund (NSDF) for operation of the Target Olympic Podium (TOP) Scheme.

Ministry of Youth Affairs and Sports has released fresh grant of block grant of Rs. 5 crore from NSDF under TOP Scheme to SAI.

Since Rio Olympics are very near and athletes are in urgent need for funds it has also been decided by the Ministry of Youth Affairs and Sports that Out of Pocket Allowance may be released to the athletes without insisting on prior submission of certificate. The athletes may be allowed to submit a self certificate about their eligibility for getting the allowance in due course. In case an athlete fails to submit such a certificate or is found otherwise receiving dual allowance, the amount disbursed may be adjusted at the time of final settlement of accounts.

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First Published: May 11 2016 | 2:37 PM IST

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