Central Government · Ministry Of Youth Affairs & Sports
Scheme Of Sports Fund For Pension To Meritorious Sportspersons
Main benefit
The rate of monthly pension will be as follows :
Can you get this scheme?
Conditions at a glance
- Work: Sports person
About
Scheme Of Sports Fund For Pension To Meritorious Sportspersons is a pension scheme by the Ministry of Youth Affairs & Sports with the aim to provide additional financial security to sportspersons post-retirement from active sports career in the form of a lifetime pension, payable on attaining the age of 30 years (or date of retirement from active sports whichever is later). The need for assured monthly income through annuity for outstanding sportspersons has become imperative due to the fact that sportspersons spend prime of their youth in pursuit of intensive training, sacrificing other beneficial opportunities normally available. The assured monthly income will be a compensation for the opportunities spurned by them in pursuit of their high ambition and achievement in sports.
Vision and Mission:
The vision of the scheme is to attract and retain the best sporting talent in the country to achieve excellence in sports. This scheme was launched with a mission to provide financial security to meritorious sportspersons post retirement. Aims and Objectives:
The main aim of this scheme is to identify international competitions for this purpose i.e., Olympic Games, Commonwealth Games and Asian Games and World Cups in Olympics and Asian Games disciplines and Para-Olympic Games; and provide with additional financial security post retirement is originally defeated.
Extent of application:
The Scheme will be applicable to sportspersons, who are Indian citizens and have won Gold, Silver or Bronze medals in Olympic Games, World Cup in Olympics and Asian Games disciplines, Asian Games, Commonwealth Games and Para-Olympic Games.
Benefits
- The rate of monthly pension will be as follows :
- S. No. Category of Meritorious Sportspersons
- Rate of Pension (Per month) 1Medalists at the Olympic Games / Para Olympic Games ₹ 20,000/-2Gold medalists at the World Cup/World Championship* in Olympic and Asian Games disciplines₹ 16,000/-3Silver and Bronze medalists at the World Cup in Olympic and Asian Games disciplines ₹ 14,000/-4Gold medalists of the Asian/Commonwealth Games/Para Asian Games₹ 14,000/-5Silver and Bronze medalists of the Asian/Commonwealth Games/ Para Asian Games₹ 12,000/-Note : * World Cup/World Championship held once in four year only shall be considered.
- The meritorious sportspersons will be eligible for only one pension under the scheme corresponding to the highest sports achievement and subject to other terms and conditions of the scheme.
- The pension shall be payable to a sportsperson on his or her attaining the age of 30 years(or date of retirement from active sports whichever is later) and will continue during his/her lifetime provided that the sportsperson at the time of applying such pension would have retired from an active sports career. An undertaking to this effect will have to be given by the sportsperson in the application form itself. The beneficiaries covered under the scheme will have to furnish their life certificate as and when demanded by the concerned agency/LIC.
Who can apply
- The applicant must be a sportsperson.
- The applicant must have won a Gold, Silver, or Bronze medal in an international competition, i.e. Olympic Games, World Cup / World Championships in Olympics and Asian Games disciplines, Asian Games, Commonwealth Games and Paralympic Games.
Documents needed
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How to apply
Offline
Online
- 1
Take a print of the prescribed proforma of the Application Form i.e. Annexure-I (Refer Page no. 4 and 5 of the guidelines) and the Mandate Form i.e. Annexure-II (Refer Page no. 6 of the guideline) of the scheme guidelines available at: https://yas.nic.in/sites/default/files/Scheme%20Meritorious%20Pension_2018.pdf
- 2
The duly filled signed application form along with the required documents are required to be sent to the address of the concerned National Sports Federation for recommendation. The List of Recognized National Sports Federations for the Year 2020-2021 is provided on the link:https://yas.nic.in/sports/list-of-recognised-national-sports-federations-for-the-year-2020-2021
Common questions
When will the pension become payable?
The pension shall be payable to a sportsperson on his or her attaining the age of 30 years (or date of retirement from active sports whichever is later).
Is there a validity to receiving the pension?
The pension shall be payable for the entire lifetime of the sportsperson.I have once received a bronze medal in a World Cup Championship that is held once in three years.
Am I eligible to receive pension under this scheme?
No, for this scheme only the World Cup/World Championship held once in four year only shall be considered.I have once received a gold medal in the Asian Games.
Am I eligible to receive pension under this scheme?
Yes, you are eligible.
Will I still receive the pension if I have not yet retired from my active sports career?
No, you won't be receiving pension in such case.
Official links
yas.nic.in/sites/default/files/Scheme%20Meritorious%20Pension_2018.pdfyas.nic.in/sports/list-of-recognised-national-sports-federations-for-the-year-2020-2021