All About The Perks That Indian Athletes Will Receive If They Win At The 2024 Summer Olympics

As many as 14 days are left for the start of the much-awaited 2024 Paris Olympics. The 33rd edition of the Summer Olympic Games is set to be held in Paris from July 26 to August 11 this year. Paris Olympics 2024 will showcase 32 sports, including the 28 "core" Olympic sports and the addition of breaking, skateboarding, surfing, and sports climbing. After winning 7 medals in the 2021 Tokyo Olympics, comprising 1 Gold, 2 Silver, and 4 Bronze Medals, the Indian contingent will definitely be eyeing to improve their medals tally to set up new world records in the Olympic Games history. The Indian athletes will receive medals and recognition if they make it to the podium. In this blog, we take a look at the perks that Indian athletes will receive if they win at the 2024 Summer Olympics.

All about the perks that Indian athletes will receive if they win at the 2024 Summer Olympics

Indian athletes are preparing hard to give their best at the upcoming Paris Olympics 2024, scheduled from July 26 to August 11. A total of 113 athletes have qualified to participate in 14 sporting events at the quadrennial multi-sport event in Paris, with 66 men and 47 women. Indian athletes are determined to reach the podium and win medals in the 2024 Paris Olympics. Team India will also strive to improve its current record of achievements and establish new milestones in Indian sporting history.

If the Indian athletes make it to the podium, they will receive medals and recognition. However, what else will they receive for their achievements at the Paris Olympics? This is a question that has been on people's minds. In addition to winning medals and earning recognition, Indian athletes will receive several perks. Here are the top 3 perks Indian athletes will receive if they win at the 2024 Summer Olympics.

1. Financial rewards from central and state governments

Indian medalists at the Paris Olympics can expect financial rewards from state and central governments. When Neeraj Chopra won the historic gold medal at the 2020 Tokyo Olympics, the javelin thrower received a total cash reward of INR 13 crore. Neeraj received 6 crore from the Haryana government, 2 crore from the Punjab government, 1 crore from the Manipur government, 1 crore from BCCI, 1 crore from CSK, and 2 crore from BYJU'S. Winning a medal at the Olympics is a significant achievement for India, bringing honour and pride to the nation.

In addition to cash rewards, Indian athletes who win medals at this year's Olympics are expected to receive job offers from their respective state governments or organizations eager to support them. Indian athletes who win medals at the Olympics are rewarded with cash prizes by the state governments and offered jobs. Therefore, winning medals at the upcoming Olympics presents the best opportunity to achieve personal glory at the highest level and gain substantial financial rewards.

2. Land Plots from state governments

Apart from receiving financial rewards and employment opportunities, state governments will also grant land plots to athletes who secure medals at the 2024 Summer Olympic Games. When PV Sindhu became the first Indian woman athlete to win a Silver medal at the 2016 Rio Olympics, the Andhra Pradesh Government awarded her two acres of land and financial rewards. 

PV Sindhu is one of the Indian flag bearers during the opening ceremony of the 2024 Paris Olympics. Providing Indian athletes with a plot of land is a gesture that acknowledges their achievements at major multi-nation sporting events and ensures long-term support and stability beyond immediate rewards. This year, state governments are expected to reward their local athletes who win medals for India at the Paris Olympics in 2024.

3. Endorsements and sponsorship deals

Winning medals at sporting events such as the Olympics can help athletes attract endorsements and sponsorship deals from brands and organizations seeking to align with famous athletes and make them brand ambassadors. When Neeraj Chopra won the gold medal at the Tokyo Olympics, he received numerous endorsements and sponsorship deals, as his market value reportedly rose by 300% following his historic achievement.

Neeraj Chopra began charging crores of rupees to endorse brands and appear in advertisements. Thus, Indian athletes winning medals at the Paris Olympics will not only receive newfound fame and recognition but will also likely attract lucrative endorsement and sponsorship deals from various brands eager to associate with successful athletes.