Finance minister Arun Jaitley has provided a sum of Rs 200 crore in the general budget 2014-15 proposals for upgrading of indoor and outdoor sports stadiums to international standards in Jammu and in the Kashmir Valley.
Delivering his maiden budget speech in Parliament here today, Jaitley said that Jammu and Kashmir has a lot of sporting talent which is not finding expression due to inadequate sports facilities.
He also proposed to set-up a sports university in Manipur with a provision of Rs. 100 crore in the current financial year. He also set aside a sum of Rs. 100 crore for the training of sports women and men for the upcoming Asian and Commonwealth Games.
Highlighting the importance of sports in personality development, Jaitley said the government will set-up national level sports academies for major games in different parts of the country to mainstream sports.
Jaitley said that to help the youth find right jobs, employment exchanges will be transformed into career centers which will extend counseling facilities to the youth for selecting the jobs best suited to their ability and aptitude. He has set aside a sum of Rs 100 crore in the current financial year for this purpose.
Jaitley also launched "A Young Leadership Programme" with an initial allocation of Rs 100 crore in the current budget.