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• National Sports Development Fund (NSDF) has signed an MoU with National Thermal Power Corporation (NTPC) and Rural Electrification Corporation (REC).
• Reason: For the development of sports in India.
• NTPC and REC have been provided financial support of 215 crore rupees for the development of sports.
• NTPC: Contributed an amount of Rs115 crore for Archery (5 years).
• REC: Committed an amount of Rs 100 crore to support Women’s Hockey, Athletics and Boxing (3 years).