The winner of this year’s Chutney Soca Monarch will walk away with $300,000 in cash as a first prize, while the second and third place will get $100,000 and $70,000 respectively, a statement by the organiser, Southex said.
All other competitors will receive $35,000 each.
The prizes were confirmed by the Ministry of Community Development, Culture and the Arts.
Southex says a sum of $750,000 has been allocated to the prizes for Chutney Soca Monarch 2018.
Chutney Soca artiste Ravi Bissembar is denying allegations that he wished fellow chutney artiste Raymond Ramnarine was dead.
There was a controversy brewing between both artistes over the allegation.
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The controversial statement was allegedly issued during a performance by Ravi B at the annual Chutney Brass at Guaracara Park after Ramnarine was issued the first ever Lifetime Achievement Award by the Chutney Brass organisers.
Soca chutney artistes Ravi B and Omardath Maharaj are joint winners of this year's Chutney Soca Monarch.
The event was held at Skinner Park in San Fernando Saturday night and both artistes were expected to place in the top three.
However, in the end the judges were unable to seperate Ravi B's "Budget" from Maharaj's "Ramsingh Sharma" and announced a tie.
Defending champion Kris "KI" Persad placed third.
Chris Garcia took 1st place in the Ultimate Chutney Challenge followed by Rikki Jai.
Ravi B topped the Semi Final round of the 2017 Pick 2 Chutney Soca Monarch with his cross-over hit ‘Budget’, a statement by the organisers says.
He was followed closely by the other 2017 crossover hit – ‘Ramsingh Sharma’ by Omadath Maharaj, with just two points separating the two top artistes.
Some 33 artistes performed on Saturday 28th January at the LIV Nightlife in what was an essential scale back of the semi-final round.
Smaller budgets in 2017 have forced producers to find innovative ways to produce this important annual event.