New Delhi: India has made a fantastic begin by profitable two bronze medals in taking pictures on the Paris Olympics 2024. Manu Bhaker received the bronze medal within the 10m air pistol particular person occasion. After that, she once more focused the bronze medal within the 10m air pistol blended workforce occasion with Sarabjot Singh. It’s also attention-grabbing to know the way a lot nations world wide reward their athletes for profitable Olympic medals.
How a lot cash do medal winners get in India?
In response to a Forbes report, at the least 33 nations will give money prizes to their athletes who win medals on the Paris Olympics. Of those, 15 nations will encourage the gamers by giving greater than $1,00,000 (about Rs 82 lakh) for the gold medal. The Ministry of Youth Affairs and Sports activities in India introduced in 2019 that Indian gamers profitable gold medals in particular person occasions will get Rs 75 lakh, silver medal winners will get Rs 50 lakh and bronze medal winners will get Rs 30 lakh.
Which nation offers the very best quantity?
The nation that provides the very best reward to Olympic medal winners is Hong Kong. Hong Kong, which participates within the Olympics independently from China, offers $768,000 (about Rs 6.3 crore) for a gold medal. For a silver medal, Hong Kong offers its athletes $380,000 (about Rs 3.1 crore), which is a big quantity in itself.
Israel is in second place with a gold medal reward of $275,000 (about Rs 2.2 crore). Whereas Serbia is in third place with $218,000 (about Rs 1.8 crore). Curiously, athletes from each these nations received gold medals on the 2021
Tokyo Video games.
These nations additionally present allowances together with money
Many nations present not solely money bonuses but additionally many different kinds of incentives to their athletes. The US Olympic and Paralympic Committee (USOPC) offers $22,500 for a silver medal and $15,000 for a bronze medal. It additionally offers grants and advantages like medical insurance to its Olympians. On the similar time, Malaysia and Bulgaria give their gold medal winners a month-to-month allowance of greater than $1,000 (about Rs 82 thousand) for all times. Nations like Chile, Kosovo and Lithuania additionally present related advantages to their medal winners until the subsequent Olympics.
New Zealand offers its gold medal winners a bonus of $40,000 (about Rs 33 lakh) yearly until the subsequent Olympics. On the similar time, Denmark, which has one of many highest tax charges on this planet, offers a tax-free reward of $15,000 (about Rs 12 lakh) for profitable a gold medal.
Listed below are homes and vouchers together with the prize
There are some nations that transcend simply monetary rewards to honor their athletes. For instance, Poland offers its gold medalists about $82,000 (about Rs 67 lakh), a portray made by famend Polish artists, a diamond and a trip voucher. Not solely this, in Poland, coaches additionally get the identical rewards as gamers. To rejoice Poland’s 100 years of Olympic participation, this time gold medalists in particular person occasions will probably be given a two-bedroom condominium in Warsaw, whereas gold medalists in workforce occasions will get a one-bedroom flat.
Not all give money rewards
Nevertheless, not all nations give money rewards for profitable medals. Nations like Norway, Iceland and Sweden give their athletes full help earlier than the Olympics as a substitute of giving them monetary rewards. As Swedish Olympic Committee Secretary Normal Asa Edlund Jonsson instructed Forbes, ‘We wish our athletes to get full help earlier than the Video games to maximise their possibilities of success on the Olympics.’ British Athletics, the governing physique for athletics in Britain, pays bonuses for profitable medals individually from the federal government.