(THE GIST OF PIB) National Sports Development Fund
National Sports Development Fund
The National Sports Development Fund (NSDF) under Ministry of Youth Affairs and Sports signed an historic MoU with two Public Sector Undertakings (PSUs) namely NTPC and REC (Rural Electrification Corporation) for development of sports in India.
The National Sports Development Fund (NSDF) was established in 1998 under the Charitable Endowments Act 1890 and was notified by the Government of India in November, 1998.
The purpose of the fund is to impart momentum and flexibility to assisting the cause of sports in India.
It helps sportspersons excel by providing them with varied opportunities to train under coaches of international repute, provide financial assistance for development of infrastructure and other activities for promotion of sports.