National Sports Development Fund

About National Sports Development Fund

• It was established in 1998 under the Charitable Endowments Act, 1890.
• Purpose of its creation was to impart momentum and flexibility in 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.
• It also provides financial assistance for the development of infrastructure and other activities for the promotion of sports.
• The Fund is managed by a Council constituted by the Central Government.
• Chairperson: Union Minister in charge of Youth Affairs and Sports.
• Members: Senior Officers of the Department of Sports, Chairman & Managing Directors of Private and Public Sector Companies/Corporations, representatives of Sports Promotion Boards, etc.

Prelims Question

Q.Consider the following statements regarding National Sports Development Fund:
1.It was established in 1998 under the Charitable Endowments Act, 1890.
2.Union Minister in charge of Youth Affairs and Sports is the chairperson of the fund.
Which of the statements given above is/are correct?
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2

Answer to the Prelims Question