Indian actor Akshay Kumar recently said that cash rewards are important for any athlete. “I was very happy to see the Olympic opening ceremony being covered all over. This is indeed one of the biggest sporting spectacle in the World and I am proud of the fact that India have sent the largest ever contingent to Rio,” said Akshay Kumar.
“I would like to appreciate the effort of the government in recognising the hard work of the Indian athletes. Indian railways are already giving cash rewards for athletes who manages to win a medal. It becomes very important for the athletes to have financial security.”
Akshay Kumar also said that cash rewards would motivate the Indian players to push for more medals.
The Indian Railways had earlier announced a Rs 1 crore cash award for its athlete if they win a Gold medal at Rio 2016 Olympics. Out of the 118-athletes in the Indian contingent, 35 are employees of the Indian Railways.
“A share of 35 players and 6 Coaches from Indian Railway in Rio Olympics is a testimony to the effort that Railways has put in promoting and supporting sports in India,” the Indian Railways said in a statement.
The report also stated that the silver medallist would be given Rs 75 lakh and the bronze winner would be awarded with Rs 50 lakh. For the top-8 athletes, the reward would be Rs 30 lakh and for mere participation, a cash of Rs 5 lakh would be handed over to the athletes.
“The contribution of coaches has also been acknowledged with a cash award of Rs.5 Lakh. In addition, those of Railway players with medal winning performances will be given posting in the Zonal Railway of their choice,” the release said.
“With the aim to further motivate the players to deliver their best , Minister of Railways Shri Suresh Prabhu has announced a bouquet of incentives for the Railway players viz promotions ,increments and cash awards. This includes promotions as Gazzetted officers for players getting upto 4th position; Out of turn promotions and special increments to the Railway athletes representing India in Rio,” it added.