The National Sports Development Fund (NSDF) was established in November, 1998 under Charitable Endowments Act, 1890 with the aim of promotion of sports and game in the Country. The main objects of the fund are as under :
- 1. To administer and apply the moneys of the Fund for promotion of sports in general and special sports disciplines and individual Sportspersons in particular for achieving excellence at the National and International level;
- 2. To impart special training and coaching in relevant sports disciplines to Sportspersons, Coaches and sports specialists;
- 3. To construct and maintain infrastructure for promotion of sports and games;
- 4. To supply sports equipments to organisations and individuals for promotion of sports and games;
- 5. To identify problems and take up research and development studies for providing support to excellence in sports;
- 6. To promote International cooperation, in particular, exchanges which may promote the development of sports; and
- 7. To provide low interest or interest free loans for projects and actives related to any of the aforesaid objects.
HOW IS MONEY SPENT FROM NSDF?
- 1. Applications/proposals from individual sportspersons for financial assistance for training and purchase of equipment are considered and decided by the Executive Committee.
- 2. The Committee takes decisions based on the past performance and future potential of the applicants.
- 3. Domain experts are also consulted wherever necessary.
- 4. Sports Authority of India and the concerned National Sports Federations are normally consulted before selection of sportspersons.
- 5. Proposals for financial assistance from reputed organizations/institutes, engaged in promotion of sports, for development of sports infrastructure, procurement of equipment and other sports activities are also considered and decided by the Executive Committee.
- 6. Decisions of the Executive Committee are implemented by the NSDF Secretariat.
- 7. Guidelines have been formulated to streamline the processing of proposals under NSDF without compromising the in-built element of flexibility available in the Scheme.
8. Accounts of the NSDF are audited by C & AG. Annual reports, alongwith audited statements of accounts are placed in Parliament.
PURPOSES FOR WHICH CONTRIBUTION CAN BE MADE TO NSDF
- 1. For establishment and upgradation of sports infrastructure.
- 2. For promotion of specific sports disciplines.
- 3. For training of specific sportspersons.
- 4. For research projects in sports.
- 5. For upgradation of SAI centres.
- 6. For sports promotion in general.
ADVANTAGES OF CONTRIBUTING TO NSDF
- 1. Donor can suggest execution of specific projects while making donations to the Fund.
- 2. Fulfilment of CSR obligations of companies under the Companies Act, 2013. Sports activities like training to promote sports and creation and maintenance of sports infrastructure are covered under Corporate Social Responsibility (CSR).
- 3. Contribution to the Fund is exempt from Income Tax under Section 80 (G) of the ITAct.
- 4. Due credit is given to donors in the Ministry's publications, media releases, etc.
- 5. Goodwill for donors.
- 6. Meetings of donors with dignitaries.
- 7. Consideration for Khel Protsahan Puraskar which is given away by the President of India every year.
- 8. Athlete appearances for donors who contribute at least one crore a year
Contributions can be made to NSDF by way of cheque or Demand Draft favour of National Sports Development Fund payable at New Delhi.
Name : National sports development fund
Bank: State bank of India
Branch: Shastri Bhawan, New Delhi
Ac No: 65039081585
- For the Gazette Notification for the NSDF, see Annexure X
- Contributions to National Sports Development fund from various sources see Annexure- XI. For each contribution made Government of India makes matching contribution to NSDF.
- For details of assistance given to Institution / Sportspersons from NSDF, see Annexure- XII