"We should have been honoured long ago. On a positive note I would say, at least it has happened," H J S Chimni, who was felicitated by Hockey India along with his 1975 teammates, told PTI.
Each of the 16 members, who won India's lone Hockey World Cup in 1975, were given a cash award of Rs 1,75,000.
Chimni said the game's administrators need to make better use of the former players and the lack of it has resulted in the decline of Indian hockey.
Leslie Fernandez, a retired railways employee, is sad that he is not connected to the game anymore.
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"We want more recognition for sure. It is not merely a matter of money. It is about utilising our services. Nobody needed me even in the railways team," said Fernandez, who played as a rightback in the famous final of 1975 when India beat Pakistan.
"I never thought we would drop so low. In those days, we would either win or be second or third. There used to be a terrible response whenever we failed to win a trophy," said the Chennai-based former player.
"Now we have come to a point where we are thinking of finishing seventh or eighth in the upcoming World Cup. I would say the administrators of the game have contributed to our slide," said Fernandez, who was also part of the silver winning team at the 1974 Asian Games in Tehran.