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.
Category A wrestlers will get Rs 30 lakh each every year.
Bajrang Punia snatched the spotlight from fading superstar Sushil Kumar to open India's gold account at the 18th Asian Games after the shooters delivered just a bronze in a low-key start to their campaign on Sunday.
Two-time Olympic medallist Sushil Kumar was stunned by Bahrain's Adam Batirov in the 74 kg category qualifier.
Sushil Kumar has been in the news for all the wrong reasons in the recent past.
A dominant Sushil registered a 10-0 win over South Africa's Johannes Botha in the Men's Freestyle 74 kg final at the Carrara Sports Arena 1.
CWG 2018, Day 8, HIghlights: Sushil Kumar overpowered Johannes Botha of South Africa by technical superiority in the final. This is India's 14th gold medal at the Games.
India's most decorated wrestler Sushil Kumar, with already two golds in the previous two Commonwealth Games (2010 and 2014), is hoping for a hat-trick at the upcoming Gold Coast Games from April 4-15.
Sushil Kumar's name, which was missing from the official website of the CWG 2018, has now been added to the entry list of wrestlers.
Sushil Kumar is a two-time defending champion at the Commonwealth Games.
Prime Minister Narendra Modi will inaugurate the 'Mary Kom Regional Boxing Foundation' in Imphal on March 16.
Mumbai Maharathi outclassed Delhi Sultans 5-2 on the opening night of Pro Wrestling League season three at the Siri Fort Sports Complex on Tuesday.
An emotional Parveen Rana on Monday vowed to beat the two-time Olympic medallist Sushil Kumar for instigating his followers to attack him and his brother during the Commonwealth Games trials.
Double Olympic medallist Sushil Kumar will be in action when the Pro Wrestling League (PWL) season 3 begins with a clash between Delhi Sultans and Mumbai Maharathi at the Siri Fort Sports Complex on Tuesday.
A wounded Rana is hungry for revenge against the double Olympic medallist after losing to Sushil during trials for the Commonwealth Games.
Sushil Kumar had beaten Praveen Rana in the 2018 Commonwealth Games qualifying event.
In other bids -- India wrestlers -- Bajrang Punia who will compete in the 65kg was bought by UP Dangal for Rs 25 lakh while Vinesh Phogat who earned Rs 40 lakh will ply her trade for UP Dangal as well.