The recent state budgets have shown a significant shift in allocating funds for sports development. For instance, the Maharashtra state budget has allocated ₹500 crores for the development of sports infrastructure, a 25% increase from the previous year. This move is expected to boost the growth of sports in the state, with a focus on grassroots level development.
The budget also includes provisions for tax exemptions for sports equipment and incentives for companies investing in sports development. With this fresh approach, the state aims to produce more international level athletes and increase its chances of hosting global sports events. As per the budget, the state will also be establishing a sports university, which will provide training and education to aspiring athletes. The university will have state-of-the-art facilities and will be staffed by experienced coaches and trainers.
With such initiatives, the state is poised to become a hub for sports development in the country.