Ahmedabad, Jan. 10 -- The Indian Olympic Association (IOA) President PT Usha said that the IOA Annual General Meeting on Friday was successful and announced a major increase in funding of annual grants for national sports federations, saying it will rise from Rs 7 lakh to Rs 20 lakh.

In addition, PT Usha also confirmed that the state Olympic bodies will receive Rs 10 lakh instead of Rs 7 lakh. She also highlighted upcoming initiatives to develop Ahmedabad into a major sports hub.

"The AGM went very well. We will increase the annual funds allocated to each national sports federation from Rs 7 lakhs to Rs 20 lakhs. State Olympic bodies will receive an enhanced sum of Rs 10 lakh annually, up from Rs 7 lakh earlier. A lot of changes are com...