What is the Annual Budget of Sports Authority of India in year 2020-21 ?

Question

Accepted Answer

The correct option is (2):
The correct annual budget for the Sports Authority of India (SAI) for the financial year 2020-21 was ₹ 500 crore. This figure represents the allocated funds for the nodal agency responsible for the development of sports in India, including managing national camps, providing infrastructure, and supporting elite athlete training. During the 2020-21 fiscal year, a significant number of sports activities and competitions were cancelled or postponed due to the global COVID-19 pandemic. Consequently, the government revised the original budget estimates, and the final allocated amount for SAI stood at ₹ 500 crore, which was substantially utilized to maintain critical infrastructure and continue support for athletes preparing for major international events.

The incorrect option is (1):
The figure of ₹ 400 crore is significantly lower than the actual allocated budget. Although the original budget estimate may have been higher, and reductions occurred due to the pandemic, the final revised allocation for the Sports Authority of India remained at ₹ 500 crore. A budget of ₹ 400 crore would have severely restricted SAI's core functions, such as maintaining its training centres and providing continuous support to its pool of athletes who were preparing for the delayed Tokyo Olympics.

The incorrect option is (3):
The figure of ₹ 600 crore is a plausible, but incorrect, amount. While the initial *Budget Estimate* for SAI in the 2020-21 fiscal year might have been close to this mark, the actual allocation was revised downward. It is important to note that the subsequent year, 2021-22, actually saw a budget of ₹ 660.41 crore, which increased from the 2020-21 revised allocation of ₹ 500 crore. Therefore, ₹ 600 crore is likely closer to the *initial* estimate or the following year's budget.

The incorrect option is (4):
The amount of ₹ 700 crore is too high to be the correct annual budget for the Sports Authority of India in the 2020-21 financial year. This figure is greater than the revised budget for 2020-21 (₹ 500 crore) and even slightly higher than the significantly boosted allocation of ₹ 660.41 crore given for the following Olympic year of 2021-22. It does not reflect the economic constraints and activity reductions experienced by the sports sector during the pandemic year.