National Sports Development Fund (NSDF)
What is NSDF?
- National Sports Development Fund (NSDF) was established in 1998 under the Charitable Endowments Act 1890.
- It was notified by Government of India in November, 1998.
- Purpose of creation is to impart momentum and flexibility to assisting the cause of sports.
- The Fund helps sportspersons excel by providing them opportunities to train under coaches of international repute with technical, scientific and psychological support and giving them exposure to international competitions
- The Fund also provides financial assistance for development of infrastructure and other activities for promotion of sports
- Role of the Fund is supplementary to the overall policy and activities of the Department of Sports in achieving excellence in sports
Objectives of NSDF
- To administer and apply the moneys of the Fund for promotion of sports in general and specific sports disciplines and individual sports persons in particular for achieving excellence at the National and of International level
- To impart special training and coaching in relevant sports disciplines to sports persons, coaches and sports specialists.
- To construct and maintain infrastructure for promotion of sports and games
- To supply sports equipment to organizations and individuals for promotion of sports and games
- To identify problems and take up research and development studies for providing support to excellence in sports
- To promote international cooperation, in particular, exchanges which may promote the development of sports
- To provide low-interest or interest-free loans for projects and activities related to any of the aforesaid objects.
Management and Administration
Council of NSDF
The Fund is managed by a Council constituted by the Central Government. Union Minister in charge of Youth Affairs and Sports is the Chairperson of the Council. Members of the Council include senior Officers of the Department of Sports, Chairman & Managing Directors of Private and Public Sector Companies / Corporations, representatives of Sports Promotion Boards, etc. The Council decides all policy matters relating to the Fund.
Executive Committee
The day to day working of the Fund is managed by an Executive Committee headed by Secretary (Sports). The Executive Committee meets as often as necessary, but normally not less than four times a year
Expenditure and Accounts
- Proposals for financial assistance from reputed organization/institutes, engaged in promotion of sports, for development of sports infrastructure, procurement of equipment and other sports activities are considered and decided by the Executive Committee.
- Decisions of the Executive Committee are implemented by the NSDF Secretariat
- Guidelines have been formulated to streamline the processing of proposals under NSDF without compromising the in-built element of flexibility available in the Scheme.
- Accounts of the NSDF are audited by C & AG.
- Annual reports, along with audited statements of accounts are placed in both the Houses of Parliament.
Contribution to NSDF
-
Contribution can be made to NSDF for the following -
- For establishment and up gradation of sports infrastructure.
- For promotion of specific sports disciplines.
- For training of specific sportspersons.
- For research projects in sports
- For upgradation of SAI centres.
- For sports promotion in general.
Advantages of Contributing
- Donor can suggest execution of specific projects while making donations / contribution to the Fund
- Fulfilment of CSR obligations of companies under the Companies Act, 2013.
- Contribution to the Fund is exempt from Income Tax under Section 80 (G) of the Income Tax Act.
- Due credit is given to donors in the Ministry’s publications, media releases, etc.
- Goodwill for donors.
- Meetings of donors with dignitaries.
- Consideration for Khel Protsahan Puraskar (on application) which is given away by the President of India every year.
- Athlete appearances for donors.
CONTRIBUTIONS TO NSDF
| Name of Account Holder | National Sports Development Fund |
|---|---|
| Bank Name | State Bank of India |
| Branch Name with complete address | Shastri Bhawan Branch, Ground Floor, ‘A’ Wing, Shastri Bhawan, New Delhi-110001 |
| Whether the branch is computerized? | Yes |
| RTGS Enabled (IFSC Code) | Yes, SBIN0050203 |
| NEFT Enabled? | Yes |
| Type of Bank Account | Saving Account |
| Account Number | 65039081585 |
| MICR Code | 110002742 |
Major Contributions to NSDF (₹1 Crore and Above)
| S. No. | Name | Year | Amount (INR) |
|---|---|---|---|
| 1 | Shri Kapil Dev | 2000-01 | 1,21,00,000.00 |
| 2 | Steel Authority of India Limited (SAIL) | 2007-08 | 1,00,00,000.00 |
| 3 | BCCI | 2007-08 and 2008-09 | 50,00,00,000.00 |
| 4 | State Government of Madhya Pradesh | 2009-10 | 1,00,00,000.00 |
| 5 | State Government of Haryana | 2009-10 | 1,00,00,000.00 |
| 6 | State Government of Maharashtra | 2011-12 | 1,00,00,000.00 |
| 7 | Jaypee Sports International Limited | 2011-12 to 2013-14 | 30,00,00,000.00 |
| 8 | India Infrastructure Finance Co. Ltd. (IIFCL) | 2014-15 to 2017-18 | 30,00,00,000.00 |
| 9 | Bank of Baroda | 2015-16 | 1,00,00,000.00 |
| 10 | Power Grid Corporation of India Ltd | 2004-05, 2016-19 | 4,55,00,000.00 |
| 11 | State Bank of India | 2003-04, 2016-17, 2020-21 | 6,05,00,000.00 |
| 12 | Coal India Ltd | 2016-17, 2023-24 | 72,85,12,602.72 |
| 13 | Bharat Dynamics Ltd | 2016-17, 2018-19 | 2,75,00,000.00 |
| 14 | The New India Assurance Co. Ltd | 2016-2025 | 19,04,92,328.00 |
| 15 | Power Finance Corporation Ltd | 2000-01, 2016-19 | 2,12,00,000.00 |
| 16 | Airports Authority of India | 2020-21 | 2,00,00,000.00 |
| 17 | REC FOUNDATION | 2021-2024 | 99,00,00,000.00 |
| 18 | NTPC Foundation | 2022-2025 | 22,50,00,000.00 |
| 19 | ONGC Foundation | 2019-20, 2023-25 | 15,84,00,000.00 |
| 20 | Security Printing & Minting Corporation | 2019-20 | 1,00,00,000.00 |
| 21 | National Aluminium Co. Ltd | 2022-23 | 1,00,00,000.00 |
| 22 | Hindustan Aeronautics Ltd (HAL) | 2024-25 | 6,00,00,000.00 |
FINANCIAL ASSISTANCE FROM NSDF
- Assistance given to sports federations for organizing group training/camps as part of preparation of players for Olympics and other international competitions; such assistance covers several other sportspersons indirectly.
- The beneficiaries include Olympic Medalists Shri Abhinav Bindra, Col Rajavardhan Rathore, Ms MC Mary Kom and Ms P V Sindhu; Paralympic Medalist, Ms Deepa Malik and World Champions Ronjan Sodhi and Ms Heena Sidhu.
- NSDF has extended support for organizing some major tournaments/competitions.
TARGET OLYMPIC PODIUM (TOP) SCHEME
- A programme, namely TOP (Target Olympic Podium) Scheme was formulated within the overall ambit of NSDF with the objective of identifying and supporting potential medal prospects for major international competitions/Olympic Games. The TOP Scheme is now being handled by SAI. Grant is given from NSDF for TOPS.
- The selected athletes are provided financial assistance for their customized training at institutes having world-class facilities and other necessary support.
- Benchmark for selection of athletes under the scheme is in relation to international standards and consistency in performance.
- The athletes, who are prospective medal winners are identified through a process of research and consultation with NSFs, National Coaches and Experts of the relevant disciplines.
- The NSDF has so far provided Rs. 148.53 crore, as grant, at the disposal of Sports Authority of India (SAI) to meet the training, travel, and equipment requirements of the athletes selected in TOPS.
IMPORTANCE OF CORPORATE CONTRIBUTION FOR PROMOTION OF SPORTS
- Outstanding performance in Olympic and other international sports events is a matter of national prestige and pride.
- Promotion of sports is vital for a healthy population and all-round development of youth.
- It is the national duty of all stakeholders to promote sports and games, especially for nation building.
- Significant funds are required for taking sports in the country to the desired level.
- Resources of national and state governments need to be supplemented by the corporate sector.
- While corporates may have their own schemes for promotion of sports, their generous contribution to NSDF will be vital for achieving excellence in sports.
Related Website
Further details can be seen at the website - www.nsdf.yas.gov.in
Contact details - nsdf-moyas@gov.in
