The announcement to upgrade their contracts was made by WFI President Brijbhushan Sharan Singh.
Amit Dhankar expressed his hope to seal the 74kg berth at the World Championship.
It was the first good result for Sakshi Malik following the horrendous run, which began after the high of Rio Olympics.
Category A wrestlers will get Rs 30 lakh each every year.
Bajrang Punia currently leads the chart in the 65-kg weight freestyle category with 96 points.
Both Sakshi Malik and Ritu Phogat entered their respective repechage rounds at the World Wrestling Championships.
The Wrestling Federation of India (WFI) has selected 10 members each in freestyle, Greco-Roman and women's wrestling categories.
Bajrang Punia is seeded third in the 65 kg class in the men's freestyle event.
Bajrang defeated Takatani Daichi of Japan 11-8 in the summit clash to claim the top honours.
Two-time Olympic medallist Sushil Kumar was stunned by Bahrain's Adam Batirov in the 74 kg category qualifier.
Deepak Punia emerged champion in the 86 kilogram category while Sachin Rathi won gold in the 74kg freestyle division.
Babita Phogat said that she would continue to work towards achieving an Olympic medal till the time she bags it.
Sumit Malik won the men's Freestyle 125 kg decider by forfeit after Nigeria's Sinivie Boltic was forced to pull out with injury.
Indian wrestlers added more gold medals to the Indian tally.
Indian wrestler Sumit Malik claimed the gold medal in the men's freestyle 125 kg after his opponent Nigeria's Sinivie Boltic was ruled out of the final due to an injury at the 21st Commonwealth Games in Gold Coast on Saturday.
Bajrang Punia was unstoppable in the 65kg category as he won all his bouts at CWG 2018 by technical superiority.
Geeta Phogat and Babita Kumari are members of Indian women's wrestling's number one family.