Union Ministry of Youth Affairs & Sports (MYAS) on 31 March 2015 signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Limited (IIFCL) to support Target Olympic Podium Scheme (TOP) Scheme for Badminton sport.
Under the MOU, IIFCL shall contribute 30 crore rupees to the TOP Scheme under its initiatives for Corporate Social Responsibility (CSR). IIFCL have contributed 10 crore rupees so far.
Activities that will be taken as part of the MoU
Union Sports Ministry initiated the TOP Scheme under the NSDF. The scheme envisages identification of athletes who are potential medal winners in Olympics and providing support to them for preparation for Olympics.
The National Sports Development Fund (NSDF) was established by the Union Sports Ministry with the objective of promotion of sports in general and specific sports disciplines and individual sports persons in particular for achieving excellence at the National and International level.
When: 31 March 2015