The Trinidad and Tobago Cricket Board (TTCB) would retain $500,000 to offset expenses related to the team's participation in the tournament while the other $500,000 will be shared among the players, reports CMC.
The Red Force leave for the sub-continent Monday after two warm-up matches this week.
"We will be here cheering on for you all," said Juliana Boodram, secretary in the ministry of tourism, during a function Wednesday.
"I want to urge you to play with pride, play with passion and make your country proud."
The Trinidad and Tobago Red Force will play one practice match in Ranchi before the start of the tournament Sep 21.
They open their campaign against the Brisbane Heat at the same venue Sep 22.