All India Chess Federation announces prize money for Chess Olympiad 2024 winners

Indian players will receive 25 lakhs each from All India Chess Federation.

The All India Chess Federation (AICF) announced a total cash prize of Rs 3.2 Crores for the historic Gold medal winners of the 45th FIDE Chess Olympiad at a felicitation function held in New Delhi on Wednesday.

GM D Gukesh, GM Praggnanandhaa Rameshbabu, Arjun Erigaisi, Vidit Gujrathi and GM Harikrishna Pentala were honoured with a cash prize of Rs 25 Lakhs for winning the coveted Gold in the open category of the prestigious event.

GM Harika Dronavalli, GM Vaishali Rameshbabu, IM Divya Deshmukh, IM Vantika Agarwal, IM Tania Sachdeva who won a gold in the women’s category were also awarded a prize of Rs 25 Lakhs each.

Coaches GM Abhijit Kunte and GM Srinath Narayan were also feted with Rs 15 Lakhs each. GM Dibyendu Barua, Head of Delegate, was awarded Rs 10 Lakhs, while assistant coaches GM Vaibhav Suri, IM Swayams Mishra, GM Arjun Kalyan and GM Sankalp Gupta were also honoured by the All India Chess Federation (AIFC) with a cash prize of Rs 7.5 Lakhs.

Also Read: India makes history with historic double gold at FIDE Chess Olympiad 2024

Speaking on the momentous occasion, Nitin Narang, President of AICF said, “The hunger for excellence in chess is far from over, and the hunger for excellence will continue as we strive for greater achievements. A city known for weekend getaways will now be associated for Indian sporting glory. Our teams have brought home two Golds from the 45th Chess Olympiad. This shows that the chess board cannot escape the gravitational pull of the Indian dominance. And now, India is a force that is reshaping chess on a global stage.”

Reflecting the President’s views, Dev Patel, Secretary General of AICF said, “We at the All India Chess Federation are a new, young team and we are determined to work for the benefit of chess and to ensure the welfare of our players.  We have planned several development initiatives that are in the pipeline and we want to grow the sport across India and build on this success. Today, we have taken the first step in that direction.”

“The whole team was really motivated to win the gold this time around after the disappointment of the Chess Olympiad in Chennai in 2022. We have shown that India not just a strong country anymore but a superpower in chess. Especially the women’s team, the grit that they have shown throughout the tournament is truly commendable,” said GM Gukesh.

Meanwhile, GM Harika was confident that the cash prize from the AICF will encourage future generations to take up the sport. “This is a first for a lot of us chess players and it is a good start to build a future for the younger generations. It was a beautiful surprise for us. But it is more than just a cash incentive; it’s a hope that will help take us to more victories.”

For more updates, follow Khel Now on Facebook, Twitter, and Instagram; download the Khel Now Android App or IOS App and join our community on Whatsapp & Telegram