Kolkata/IBNS, May 7 -- The newly elected president of All-India Chess Federation (AICF), Nitin Narang, has rolled out a budget of Rs 65 crore to develop the countrys chess ecosystem, reports said.

At the AICF general body meeting, the key initiatives discussed were aimed at strengthening the Indian chess ecosystem by providing financial and institutional support for pro as well as grassroots level players.

Commenting on the new budget, Nitin Narang said, Players are at the heart of chess and many have to compromise on their passion due to the lack of funds, institutional support, and opportunities.

I am committed to making every players dream a reality through myriad initiatives rolled out today, in our INR 65 Cr budget, and we are set...