It is a rolling trophy, and the incident came at a time when the Indian men's team was closing in on the gold medal in the ongoing 45th edition of the Olympiad.
In it's general body meeting, the AICF has spelled out plans to offer support to pro and grassroots level players and to take chess to every Indian household.
Vidit Gujrathi, R Praggnanandhaa and R Vaishali who have all qualified for next year's Candidates, will receive ₹30 lakh each to prepare for the marquee event.
The Indian Chess League will be a six-team event and will feature two Super GMs, two Indian GMs, two Women GMs, one Indian Junior Boy and one Indian Junior Girl in each franchise, the AICF said.
Sanjay Kapoor, who is BCCI's appointed Venue Director for the first Test between India and New Zealand at the iconic Green Park, has a bigger identity in the Indian sporting field.