In its working committee meet here, the board also agreed to the merger of men and women's cricket in the country and maintained its stance against Jagmohan Dalmiya-led Cricket Association of Bengal (CAB) with the board's Executive Committee ratifying the decision to suspend grants to the CAB.
''We were not very keen about Twenty20 but most of the ICC members agreed with the version. So rather reluctantly, we would be participating in the 2009 event,'' BCCI Secretary Niranjan Shah told reporters here.
He said India would also play a Twenty20 match on their tour to South Africa later this year.
Meanwhile, BCCI Treasurer N Srinivasan said the board has decided to take the women's cricket association under its wing and from now on, Shubhangi Kulkarni, who was heading the eves' association, would co-ordinate with the ICC.
''Consequentially, BCCI would arrange the women's team's tour of England. All the state associations have been instructed to have separate women's wing,'' Mr Srinivasan said.
He also announced that the Working Committee today ratified the Finance Committee's decision to stop grants to Mr Dalmiya-led CAB, for the financial bungling allegations against the former Board president pertaining to the 1996 World Cup.
''The members upheld the Finance Committee decision of suspending subsidy to CAB and entrusted the Disciplinary Committee to deal the matter,'' Mr Srinivasan said.
However there were reasons to smile for the state associations as BCCI decided to hike the subsidy from Rs 10 crore to 25 crore to help the bodies improve cricket infrastructure.
The board also decided to expand and enhance its pension scheme for the ex-players.
BCCI Executive Committee also decided to have a cricket museum at Wankhede Stadium and also reviewed preparation for the ICC Champions Trophy in the meeting today.