Paris Olympics 2024: Find Out the Cash Prizes for Winning Olympic Medals
By Lokmat English Desk | Published: August 3, 2024 03:05 PM2024-08-03T15:05:26+5:302024-08-03T15:16:54+5:30
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The Olympic Games are in full swing in Paris, with athletes from around the globe competing for medals. As the events progress, medalists are receiving widespread acclaim for their impressive performances.
India has secured three bronze medals in the ongoing tournament, all in the sport of shooting. Manu Bhaker, Sarabjot Singh, and Swapnil Kusale are the athletes behind this achievement. The State Central Government of India will be announcing prizes for these winners.
For many athletes, winning an Olympic medal is the culmination of a lifetime of dedication and hard work. But how much do they earn for this achievement? Here's a breakdown of the financial rewards associated with winning an Olympic medal.
It might be surprising, but athletes who win Olympic medals receive no monetary reward from the International Olympic Committee. Similarly, the Indian Olympic team does not offer cash prizes to its medalists.
Cash prizes are awarded by the Government of India to Olympic medalists, with gold medalists receiving Rs 75 lakh, silver medalists Rs 50 lakh, and bronze medalists Rs 30 lakh. Additionally, state governments may also provide further financial incentives to these athletes.
