AICF disburses Rs 42.3 lakh in quarterly stipends to 42 promising young players
NEW DELHI: (Jul 20) The All India Chess Federation (AICF) on Monday disbursed quarterly stipends worth Rs 42.3 lakh to 42 of the country’s most promising young players, a first-of-its-kind initiative aimed at easing the financial burden on talented youngsters and helping them compete at the highest level.
The beneficiaries, selected on the basis of their performances in the 2024 National Championships, are the top players across the Under-7 to Under-19 categories in both Open and Girls sections. The quarterly stipends range from Rs 60,000 to Rs 1.5 lakh.
Announcing the release on the occasion of World Chess Day, AICF president Nitin Narang said the initiative marked a historic moment for Indian chess.
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