The Paris Olympics 2024 has taken the world by storm. The contestants and the teams are in a rush for gold. The coaches have been on the edge of their seats. The fans have been in anticipation, backing their countries to bag gold.
Excitement Builds for Paris 2024
As the world gathers for the Paris Olympics 2024, there’s an electric buzz in the air. Athletes, coaches, and fans are all on edge, hoping for moments of triumph. For Indian athletes, this isn’t just about chasing sporting glory; it’s also about the chance to transform their lives financially. The impact of winning an Olympic medal can be especially profound for athletes from smaller nations and less developed economies.
Rewards for Tokyo 2020 Team India Medalists
Neeraj Chopra’s gold medal in javelin throw not only made history but also earned him a whopping Rs 6 crore from the Haryana government.
Indian medalists received various accolades and financial support from their state governments, the Indian Olympic Association (IOA) and private companies. Mirabai Chanu, who won silver in weightlifting, was awarded Rs 1 crore by Manipur, while Ravi Kumar Dahiya received Rs 4 crore from Haryana for his silver in wrestling. PV Sindhu and Lovlina Borgohain, who both won bronze, were also rewarded handsomely by their states, Telangana and Assam respectively. Bajrang Punia, another bronze medalist, received Rs 25 lakh from Haryana.
Also read about Indian athletes and their net worth here.
Support from Central and Private Entities
In addition to these state rewards, the central government also pitched in, offering Rs 75 lakh for gold, Rs 50 lakh for silver, and Rs 30 lakh for bronze. The IOA matched these efforts, giving Rs 75 lakh for gold, Rs 40 lakh for silver and Rs 25 lakh for bronze.
The BCCI recognized Neeraj Chopra’s achievement with Rs 1 crore and other medalists received decent amounts too. Ed-tech firm BYJU’S added to the joy, gifting Rs 2 crore to Neeraj and Rs 1 crore to other medalists.
Anticipated Rewards for Paris 2024 Medalists
As the Paris Olympics 2024 have begun, Indian athletes are hopeful for even greater rewards. The IOA has upped the ante, promising Rs 1 crore for gold medalists, Rs 75 lakh for silver, and Rs 50 lakh for bronze, in addition to what the Indian government will provide. However, specific state rewards are still awaited.
International Cash Prizes and Organizers’ Recognition
On the international front, the World Athletics and International Boxing Association have announced generous cash prizes of USD 50,000 (Rs 42 lakh) and USD 100,000 (Rs 84 lakh) for gold medalists in track and field and boxing, respectively. While the World Athletics has pioneered offering prize money, other sporting federations have yet to declare similar rewards. Despite the financial windfalls, the most immediate and visible prize for the athletes is still the medals themselves and the bouquet they receive on the podium.
As team India athletes compete for their moment of glory, the Paris Olympics 2024 is set to be a celebration of not just athletic excellence but also life-changing rewards.
The Sportz Planet Desk,
Atharva Shetye
