The Government have approved construction of District Sports Complex and will sanction Rs. 60 lakhs. The district administrtion in the process of collecting the fund Rs. 60 Lakhs.
The District Sports Complex at Krishnagiri today sports a great look thanks to a novel concept introduced by the District Administration. The concept called "Fund in Perpetuity" has allowed the Public to become Life members of the Officers Club by paying Rs.1.00 lakh by cheque, for which they are issued with a reciept which explicitly states that this is a refundabel contribution and can be withdrawn after a lock in period of 1 year. We have a corpus of Rs.1.00 crore whihc has been deposited in a Nationalized bank. This corpus cannot be touched. Only the interest which accrues @ of Rs.85,000/- per month can be used for maintance and other activities with the resolution of the Executive Committee of the Officers Club.
Today we have appointed 5 coaches in Badminton, Tennis, Table Tennis, Hockey, Judo etc. A full time Landsacpist ensures that the 18 acre plot is kept green and beautiful. Infrastructure for 18 disciplines is available in this facility.Work on a Roller Skating Rink and a Childrens's Traffic park will commence shortly by IOC and L&T respectively.
This is in addition ot hte Rs.1.5 crores worth of work done by way of sponsorship, where the sponsors themselves undertake and complete the work.