"I am very happy and extend thanks to all the people of the country for supporting me in the Olympics," the 29-year-old ace boxer said after receiving the cheque.
"Soon I'll start preparing for the next Olympic in Brazil in 2016," the five-time world champion said.
Along with her, another Manipuri Olympian boxer L Devendra Singh was given a cheque of Rs 20 lakh by the chief minister at Khuman Lampak stadium in the state capital.
Earlier, both the boxers were given a rousing reception by hundreds of people at their arrival. Both were taken around the city in an open roof and decorated vehicle before the felicitation function.