Sports

IIFCL contributes Rs 10 crore to National Sports Development Fund

NetIndian News Network

New Delhi, March 21, 2018

India Infrastructure Finance Company Limited (IIFCL) has made a contribution of Rs 10 crore to the National Sports Development Fund (NSDF).
An official press release said here yesterday that this was the third instalment of the contribution made by IIFCL, taking its total contribution to Rs 30 crore.
The IIFCL contribution is being utilized for promotion of sports in the disciplines of Badminton, Archery and Para Sports by way of support to sportspersons for their customized training and other services and setting up of Academies/Support to Academies.
The NSDF was established with the objective of promotion of excellence in sports through support to top-level sportspersons who are medal prospects in Olympics and other major international competitions and creation of sports infrastructure in priority disciplines.
The Fund accepts contributions from private/public corporate sectors, other legal bodies like Trusts/Societies, individuals, and so on.
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