industry

Union steel ministry launches Corporate Sports Policy for CPSEs


The union steel ministry has launched a first-of-its-kind initiative through a Corporate Sports Policy for its Central Public Sector Enterprises (CPSEs). The move will help nurture the country’s sports talent and groom sizeable number of medal hopes for the Olympics in 2024, an official statement said on Monday.

The policy document was released by Chaudhary Birender Singh,Union Minister of Steel. In his address, the minister said sports now acts as a change agent. India’s steel sector contributes more than 2% to GDP,steel sector needs to strive to enhance equivalent contribution to sports.

Awareness towards sports is increasing and the policy aims to achieve the national sports ambition. Under this policy the steel CPSEs will play the role of –Enabler like, providing infrastructure, venue, facilities, institutions etc; Facilitator like sponsorship, aid, privileges etc.Incentivising like felicitation, publicity and rewards. Under the policy CPSEs, under MoS,will discharge this responsibility through infrastructural and institutional support for Talent potting,Scholarship,Training,Coaching,Workshop, Camp, Visit, Counselling, Special Leave, Flexi Working.

CPSEs will also sponsor fully or partly various national and international sports events.They will also form an Apex Sports Body(ASB), with its headquartres in New Delhi, will get affiliated to NationalLevel Sports Associations/Federations,Indian Olympic Association(IOA) and Para Olympic Federation/Association.

A part of their image building exercise, CPSEs will engage Medal Winners of National/ International level recognized events as Brand Ambassadors/Sports Guide on regular employment or on a fixed term basis. The central PSEs will also encourage Rural sports,Sportsfor Differentlyabled, Sports for Veterans and activities for homemakers &elderly people by sponsoring annual or periodic sports events in part or full.

The Apex Sports Body(ASB) will seek its affiliation to Indian Olympics Association(IOA) & Para Olympics Association to obtain experts support from National Institute of Sports(NIS) and other national institutions.

CPSEs will allocate a specific budget for Sports Activities will extend financial support as per their capability and financial strength. They will also plan for one-time measure in each financial year. Besides contributing to the ASB fund, individual CPSE will have their annual budget.

The budget provisions shall have Essential Financial Commitments (EFC) towards sports, which will cover Maintenance of existing systems, infrastructure, institutions; Running of Sports Academies / Nursery; Sports Scholarships/financial aid to promising Sports persons; Salaries, Stipend, Remuneration to cadets / supporting sports personnel.

The budget will also provide for supporting community sport, felicitating the International / National levels laurels winners and sponsoring Sports events / expeditions, partially.





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