The Board of Control for Cricket in India (BCCI) has announced an increase in prize money for all domestic tournaments.
The Ranji Trophy-winning team will now receive an additional ₹3 crore, which takes the revised total to ₹5 crore. The runner-up and losing semifinalist will receive ₹3 crore and ₹1 crore, respectively, up from their erstwhile amounts of ₹1 crore and ₹50 lakh.
The announcement was made by BCCI secretary Jay Shah on Sunday, who expressed his pleasure in announcing the increase in prize money for all domestic tournaments.
I’m pleased to announce an increase in prize money for all @BCCI Domestic Tournaments. We will continue our efforts to invest in Domestic Cricket – which is the backbone of Indian Cricket. Ranji winners to get ₹5 crores (from 2 cr), Sr Women winners ₹50 lacs (from 6 lacs)🇮🇳 pic.twitter.com/Cgpw47z98q
— Jay Shah (@JayShah) April 16, 2023
The decision to increase the prize money for domestic tournaments comes as a boost to domestic players who have been instrumental in producing some of the best cricketers in the world.
Domestic cricket is considered the backbone of Indian cricket, and the BCCI’s efforts to invest in it will help in the development of the sport in the country. With the increase in prize money, the BCCI hopes to motivate players to perform to the best of their abilities and provide them with a better financial incentive to pursue their passion for cricket.
The move will also help in the growth of women’s cricket in India. The winner of the Senior Women’s One Day Trophy will now receive ₹50 lakh, which is a significant increase from the present ₹6 lakh.