"Cash Award has been given to Ms. Nehwal from the Ministry's Scheme of Special Awards to Medal Winners in International Sports Events and their Coaches," a release from the Sports Ministry said.

The 25-year-old Saina had become the first Indian woman shuttler to reach the finals of All England Open Badminton Championships but lost to Spain's Carolina Marin 21-16, 14-21, 7-21 in the summit clash.

She became world number one player following her stupendous title win in the Indian Open.

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