Sports Fund for Pension to Meritorious Sportspersons
 

Government launched this new scheme from the year 1994. Under the scheme, pension is given to sportspersons, who win medals in the Olympic games and gold medals in Asian games. While Olympic medalists are given pension @ Rs. 2000/per month, gold medalists of Asian games are given pension @ Rs. 1500/ per month. Pension is given from the age of 30 till life. The scheme is being operated through the Life Insurance Corporation of India. Upto March 1996, 182 sportspersons have been sanctioned pension under this scheme.