The central public sector enterprises (CPSE) under the steel ministry will promote rural sports and sports for differently-abled, Steel Minister Chaudhary Birender Singh said today.
Sports is an indicator of a country's economic development and strength, and CPSEs under the ministry will strive to groom medal aspirants for the Olympic Games, he said.
The minister unveiled the corporate sports policy for CPSEs under the steel ministry here today.
The policy, he said, will provide a framework for promotion of sports by these CPSEs.
The minister stated that CPSEs will discharge their responsibility through infrastructural and institutional support for talent spotting, scholarships, training and coaching.
Emphasisingon institutional support to sports,the minister said 'Khelo India' programme, whichprovides annual financial help ofRs 5 lakh for eight years to talented players identified in priority sports disciplines,has started yielding results.
Steel CPSEs will allocate a specific budget for sports activities, as per their financial strength, and this budget will be separate from the company's corporate social responsibility (CSR) funds.
"CPSEs under the Steel Ministry willencourage rural sports, sports for differently-abled and activities for homemakers by sponsoring annual and periodic sporting events," he said adding that CPSEs of the steel Ministry will also sponsornational andinternational sporting events.
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