The Ministry also announced reward of Rs. 25,000 for each coach in the team.
Congratulating the 18-member squad led by captain Sushila Chanu on its success, Jitendra Singh said, "You have made the country proud by winning the bronze medal in the event.
"The Ministry of Youth Affairs & Sports stands committed to supporting your endeavour to bring laurels to India in future."
The Minister and Secretary Sports, P K Deb along with the entire hockey squad celebrated the occasion by cutting a cake.
On behalf of the hockey team, Sushila presented the Minister a T-shirt and a hockey stick signed by all members of the bronze-medal winning squad.
Indian eves pipped England 3-2 on penalties in the third-fourth place play-off match to bag the bronze.