The development was announced by the ICC on Tuesday (Sep 17). The overall prize money has also been increased from last edition's $2.45 million to $7.95 million - an increase of 225%. The increment in prize money is part of the ICC's initiative of bringing women's cricket on par with men's cricket. This is also the first time the prize money awarded to women cricketers will be equal to their men counterparts in the same event. India, winner of 2024 men's T20 World Cup, took home $2.45 million in prize money. The difference of $0.10 million is because of the number of matches for the teams in two events as well as the total number of teams which was 20 in men's edition and is 10 in women's event. The runners-up in Women's T20 World Cup 2024 will take home $1.17 million compared to $500,000 awarded to men's losing finalist South Africa. The other two semi-finalists will be getting $675,000 in comparison to $210,000 awarded in the last edition. Apart from all this, all 10 participating teams will be getting $112,500 as well. "The prize money extends beyond the knockout stages, as each group stage win will now be rewarded with $31,154, reflecting a 78% increase from last year's $17,500," read the ICC statement. The marquee event kicks off on October 3 with Bangladesh taking on Scotland. The ICC also announced a swap in schedule for October 5 - Australia vs Sri Lanka match will now be played in afternoon instead of evening and England vs Bangladesh will be played in evening instead of afternoon.