Sports Sector Gets the Infrastructure Status [Infrastructure]
For addressing the issue of deficit of sports infrastructure in the country, the Ministry of Youth Affairs & Sports Affairs had moved a proposal for inclusion of Sports in the harmonized master list of infrastructure sub-sectors.
The sports sector now becomes eligible for obtaining long term financial support from banks and other financial institutions on the same principle as is available to other infrastructure projects.
This inclusion would encourage private investment in a public good which has socio-economic externalities in a country with young population.
It will also bolster investment in sports infrastructure sector which will contribute to the economy and help in promotion of health and fitness of the people of this country as also provide opportunities for employment in the new and exciting sectors.