A release from the Southex Promotion, owner of CSM, said the decreased prize money is as a result of the reduction in allocation from the Government.
“The Ministry of Community Development, Culture and Gender Affairs has advised by letter that the sum of $1,180,000 has been allocated to the 2017 prizes at the ‘Pick 2’ Chutney Soca Monarch this year. As such, the producers have made major adjustments to the prize structure of the show, which has been traditionally funded by Government. In 2016, prizes were cut from $4.5M to $3.5M. This has now been reduced further to $1.18M – representing a cut of approximately 75 percent in prize monies for the annual Indo-Caribbean event.
When contacted George Singh, the man behind CSM, said he knew the allocation would be cut but didn’t expect it to be that drastic.
He said he was a little bit disappointed that the Government does not see the value of the International Chutney Soca Monarch and the International Soca Monarch since the money goes directly to the development of the artistes.
Under the Kamla Persad- Bissessar regime, prize money for the first prize winner in Chutney Soca and Soca Monarch were increased to two million dollars. Last year, the first prize was decreased to one million in both competitions.
When contacted about International Soca Monarch prize money, Caribbean Prestige Foundation (CPF) chairman Peter Scoon said it will be revealed next week.
The prizes for 2017 Chutney Soca Monarch competition are now as follows:
CHUTNEY SOCA MONARCH
4th – 10th $25,000 each
THE WORLD’S ULTIMATE CHUTNEY CHALLENGE
2nd – 10th $20,000
The Chutney Soca finals will take place on February 11.