The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has given the money to the Sports Ministry towards the team.
Earlier, the women's hockey team had said that they wanted to meet Kalmadi to discuss about the dilemma they were facing due to the lack of funds.
The declaration from the IOA President came soon after the reel-life coach of the Indian Women's hockey team and Chak De star Shah Rukh Khan tweeted. His tweet read, "Thought Chak De will be good for revival of hockey. Reading the plight of women's team, should think on ways of survival of hockey. All of us."
Prior to that, the women's hockey team had snubbed Hockey India's offer of Rs 50,000 to each member of the team, saying that it was not even half of what HI owed them.