The BCCI has chalked out a scheme according to which every old and retired cricketer would get a pension of Rs 25,000. The player's wife would get the pension in case the player is not alive.
"The board decided that since its income had touched Rs 1,000 crores from Rs 120 crores, it should do something for the former players who had selflessly laid the foundation stone for the sport," BCCI president Sharad Pawar said.
He said that each state cricket association would also stand to earn more from television rights and other means and this earning could touch Rs 20 crores in the coming days.
"With such a high income, the associations should pledge to improve the standard of the game and also give better facilities to players so that they remain with the sport, grow with it and can make a living out of it," Pawar added.
He said that the BCCI was working in a manner that those playing international matches would earn in crores while Ranji level players would earn in lakhs.