The Sports Ministry is planning a massive hike in the prize money for the national sports awards, a proposal which, once approved, will lead to Khel Ratna awardees getting Rs 25 lakh and the Arjuna winners Rs 15 lakh.

Currently, the Khel Ratna comes with a cash prize of Rs 7.5 lakh, while the Arjuna awardees get Rs 5 lakh.

It has been learnt that the ministry is busy giving final touches to the proposal after which Sports Minister Kiren Rijiju will make a formal announcement by August 29 — the National Sports Day when the annual honours are given away every year.

“The prize money of National Sports Awards is set to be increased significantly. A proposal in this regard has already been made. The minister actively pushed for it after athletes complained that the prize money of sports awards is too less,” a sports ministry source told PTI.

“The proposal is still under consideration and if accepted by the government, the new cash rewards will be given from this year itself.”

However, sports secretary Ravi Mittal said he was not aware of any such development. “I am not aware. I don’t know anything,” Mittal said.

The prize money for Dhyanchand and Dronacharya (Lifetime) awards will also be increased from Rs 5 lakh to Rs 15 lakh.

The cash reward for the regular Dronacharya award is currently Rs 10 lakh, the same as the one for lifetime achievement.

If implemented before August 29, the government will have to shell out a hefty amount as an unprecedented 62 have been recommended by the Sports Ministry’s selection committee for this year’s awards.

While cricketer Rohit Sharma, wrestler Vinesh Phogat, women’s hockey captain Rani Rampal, table tennis player Manika Batra and Rio Paralympic gold-winning high jumper Mariyappan Thangavelu were part of an unprecedented five picked for the Rajiv Gandhi Khel Ratna, 29 others were recommended for the Arjuna award on Tuesday.

Besides, 13 coaches have been recommended for the Dronacharya award while 15 names been short-listed for the Dhyan Chand honour.

The prize money of National Sports Awards was last increased in 2009.