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Haryana Deputy Chief Minister and TTFI President Dushyant Chautala announced the cash reward via a social media post.
Bhavinaben lost the final on Sunday but capped off a memorable campaign with a historic silver.
The 34-year-old Patel’s impressive run at the Games ended with a fighting 7-11, 5-11, 6-11 loss to China’s Ying Zhou, a two-time gold medallist, in the women’s singles Class 4 summit clash which lasted 19 minutes.