New Delhi, Feb 3 (IANS): Congratulating the Indian Under 19 team for lifting the World Cup for the fourth time, the Board of Control for Cricket in India (BCCI) on Saturday announced cash awards of Rs 30 lakh each for the players and Rs 50 lakh for coach Rahul Dravid.

The board also announced cash awards for the team's support staff with each member getting richer by Rs 20 lakh.

"The Supreme Court-appointed Committee of Administrators (COA) on Saturday announced cash rewards for the victorious India U19 team that won the ICC U19 World Cup in New Zealand after beating Australia in the final," the BCCI announced in a statement, moments after India beat Australia by eight wickets at Tauranga in New Zealand.

"I congratulate the U19 team who have made the country proud. Head Coach Rahul Dravid played his cricket with sincerity and it was pleasing to see the boys uphold the value," CoA chairman Vinod Rai said.

"They have been fantastic athletes and even better ambassadors. The boys have done so well, and I am sure they will work hard and climb the ladder and represent the senior team in the future," he added.

CoA member and former India women's team captain Diana Edulji said: "The consistent performance is a testimony to the fact of BCCI's initiative in nurturing the talent and providing an environment to the youngsters to perform to their potential."

"I congratulate Rahul Dravid and his team for returning home with the glittering ICC World Cup," she added.