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Ending cash rewards for attaining titles not ideal
Hindustan Times Ranchi
|February 12, 2025
Indian Grandmaster Arjun Erigaisi believes the government's recent decision to stop cash rewards for attaining GM and International Master titles is "not ideal" for the parents of chess players as such incentives ease the financial strain on them.
NEW DELHI:
Starting this month, the sports ministry has eliminated the reward system for chess players, who were earlier receiving Rs four lakh for achieving a Grandmaster title and Rs 1.5 lakh for attaining an International Master or International Women Master (IWM) title. Prize money will now only be given for winning world-level competitions.
"If it is actually the case that it is stopped now, then it's definitely not something that would demotivate a lot of young children as they don't care about the money aspect," Erigaisi told PTI.
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