Updated By: LatestGKGS Desk
Steel Ministry launched sports policy for CPSEs: details, highlights
Steel Ministry launched sports policy for CPSEs: details, highlights
Union Minister of Steel, Chaudhary Birender Singh on 27th August 2018 launched the corporate sports policy for Central Public Sector Enterprises (CPSEs) under the Ministry of Steel in New Delhi.
The policy of CPSEs will provide a framework for the promotion of sports by Steel Ministry CPSEs.
The Steel CPSEs will discharge their responsibility through infrastructural and institutional support for talent spotting, scholarships, training and coaching.
The CPSEs will first allocate a specific budget for sports activities according to their financial strength. The allocated amount will be separate from the company’s CSR funds.
The amount would be utilised by the companies to encourage rural sports, sports for differently-abled and activities for homemakers by sponsoring annual and periodic sporting events.
The public sector companies will also sponsor national and international sporting events.
Besides, all the CPSEs under the Steel Ministry will form an apex sports body, which will be affiliated to National Level Sports Associations and Federations, Indian Olympic Association (IOA) and Para Olympic Federation and Association.
The Maharatna and Navaratna CPSEs may set up the sports academy in at least one of the identified sports discipline and maintain infrastructure there for including general fitness equipment and facilities.
