Coal India Limited has signed an MoU with Department of Sports in New Delhi today for betterment of sports infrastructure in the country.
Under the MoU, Coal India Limited, under its Corporate Social Responsibility program will contribute 75 crore rupees towards the National Sports Development Fund.
The fund will be used for construction of three large hostels meant for sports persons.
These hostels will be constructed at Lakshmibai National Institute of Physical Education, Gwalior and Sports Authority of India’s centres at Bhopal and Bengaluru with a combined capacity of 350 sports persons.
The initiative is seen as a significant step towards reaping the sports atmosphere created through recent success in Olympics and Paralympics where India finished with the best ever medal tally.
The MoU signing ceremony was held in the presence of Youth Affairs and Sports Minister Anurag Thakur and Coal Secretary, Dr. Anil Kumar Jain.
Coal Ministry said, these hostels will benefit talented athletes directly by creating a conducive eco-system through focused training under national level coaches.
The project will be completed by 2023 for which Coal India Limited has already released 25 crore rupees.