Step 1: Understanding the Award
The Major Dhyan Chand Khel Ratna Award is the highest sporting honour in India. It is presented by the Ministry of Youth Affairs and Sports to recognize outstanding performance in the field of sports over a period of four years.
Step 2: Cash Prize Details
As of recent updates, the award carries a prestigious cash prize of ₹25 lakhs along with a medal and a citation. This amount is the highest among Indian sports awards.
Step 3: Other Awards and Their Prize
- The Arjuna Award comes with a cash prize of ₹15 lakhs.
- The Dronacharya Award (for coaches) carries a cash prize of ₹15 lakhs.
- The Rani Lakshmi Bai Award is not associated with the sports ministry and does not carry the same national recognition or prize amount as the Khel Ratna.
Step 4: Final Answer
Hence, the correct answer is (A) Major Dhyan Chand Khel Ratna Award, as it includes a cash prize of ₹25 lakhs.