Madhya Pradesh Chief Minister Shivraj Singh Chouhan gave away the rewards at T T Nagar Stadium here last evening.
While silver medallists Sushil Kumar (wrestling), Vijay Kumar (shooting) received Rs one crore, bronze medal winners Gagan Narang (shooting) and Yogeshwar Dutt (wrestling) were given Rs 50 lakh cash reward.
However, bronze medal winners M C Mary Kom (boxing), Saina Nehwal (badminton) were not present at the function.
On the occasion, the Chief Minister said that paucity of funds would not prove a deterrent to the development of sports and the welfare of sports community.
Sushil Kumar said that the number of sports academies Madhya Pradesh has are not found in other states.