The announcement was made by Sports Minister Natalie Neita Headley, at a Post Cabinet Press Briefing this morning.
It won’t stop there. Athletes will also benefit from health insurance plans being set up by the government.
They will also be feted by the Prime Minister for their exploits at the Beijing World Championships in a special ceremony in October
The financial support comes after the plight of some of the country’s athletes was made public following the recently concluded World Championships.
An investigative story done by television sport journalist, Kayon Raynor gave heart-wrenching testimonials from struggling athletes and has also helped to cement the issue in the minds of many Jamaicans who have joined in the call for greater support of Jamaica’s track and field athletes.
The athletes enabled Jamaica to finish second on the medal table with a total of seven gold medals and third overall in the championships with twelve medals.