Grand felicitation for Shri Modi in newly created Aravalli district

Published By : Admin | August 25, 2013 | 18:39 IST
"Shri Narendra Modi visits newly created Aravalli District"
"Grand celebrations in newly created Aravalli district, CM felicitated in Modasa"
"New Aravalli district will have a population of over 10 lakh people and 6 Talukas"
"Just like Gujarat rejected the corrupt during Navnirman Movement, we need the same determination to overthrow corrupt UPA Government in Delhi"

On Sunday 25th August 2013 Shri Narendra Modi visited the newly created Aravalli District, where he was felicitated by the people of the district. He said that the creation of new districts will increase the pace of development across Gujarat. He affirmed that while the people of Gujarat have faith in the State Government, the people of India have lost faith in the Centre and the reason is that the Gujarat Government is committed to overall development of society. He categorically stated that the way ahead lies in development and there is no stopping or slowing as far as development is concerned.

Shri Modi’s visit to Aravalli district is a part of his visits to the seven newly created districts across Gujarat. Shri Modi had promised the people to create new districts and on 15th August the promise was duly fulfilled. There is immense enthusiasm among the people for the creation of the new districts. The Aravalli district has been created from Sabarkantha District. The newly created Aravalli District will consist of six Talukas with a population of over 10.27 lakh people. The new district will have a substantial Tribal population. Shri Modi said that this will be new step in the development of Tribal communities in Gujarat.

The Chief Minister said that the dignity of the post of the Prime Minister has been adversely affected due to the events of the last nine years including corruption. He added that the people of Gujarat had overthrown the corrupt elements during the Navnirman Movement of the 1970s and that the movement had inspired several people across India.

He affirmed that the Gujarat Government is working day and night not because of accolades for the government but for the welfare of Gujarat and went on to say that today Gujarat has made a mark in the field of development. Shri Modi stated the commitment of the Gujarat Government to scale even greater heights of progress that will make Gujarat proud in front of the world.

During his speech Shri Modi avowed that the Gujarat Government passed with distinction in the eyes of the people during the 2012 elections and now it is the turn of the Centre to give an answer to the people about their performance when the 2014 elections approach.

Shri Modi stated that there was a conspiracy to forget the contribution of Sardar Patel in the history of India but Gujarat will never be a part of this and that is why the state is building a majestic Statue of Unity to commemorate the Iron Man of India. He said that apart from being a ‘Loh Purush’ or Iron Man, Sardar Patel was a ‘Kisan Putra’ (son of farmer) and a champion of integration and to commemorate that the Gujarat Government is seeking contribution of agriculture implements made from iron from across the nation that will be used for the Statue of Unity.

The Chief Minister declared that in a time when the Centre’s failures are increasingly coming to the fore, Gujarat is showing the way with its work culture and decentralization in order to make people partners in the process of development. He also talked about the ‘Aapno Taluko, Vibrant Taluko’ project.

Sports Minister Shri Ramanlal Vora, Minister of State Shri Pradeepsinh Jadeja, MP Dr. Mahendrasinh Chauhan, former Ministers Shri Jaysinh Chauhan, Shri Praful Patel, IAS officer Smt. Jayanti Ravi among other dignitaries were present.

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Cabinet approves equity support to Small Industries Development Bank of India
January 21, 2026
Flow of credit to MSMEs will increase as SIDBI will be able to generate additional resources at competitive rates
Approximately 25.74 lakh new MSME beneficiaries will be added

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank of India (SIDBI).

The equity capital of Rs.5000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs.3,000 crore in Financial year 2025-26 at the book value of Rs.568.65/- as on 31.03.2025 and Rs.1,000 crore each in Financial Year 2026-27 and Financial year 2027-28 at the book value as on 31st March of the respective previous financial year.

Impact:

Post equity capital infusion of Rs.5000 crore, number of MSMEs to be provided financial assistance is expected to increase from 76.26 lakh at the end of Financial Year 2025 to 102 lakhs (approximately 25.74 lakh new MSME beneficiaries will be added) by the end of Financial Year 2028. As per latest data (as on 30.09.2025) available from official website of M/o MSME, 30.16 crore employment is generated by 6.90 crore MSMEs (i.e. employment generation of 4.37 persons per MSME). Considering this average, employment generation is estimated to be 1.12 crore with the expected addition of 25.74 lakh new MSME beneficiaries by the end of Financial Year 2027-28.

Background:

With a focus on directed credit and anticipated growth in that portfolio over the next five years, the risk-weighted assets on SIDBI’s balance sheet are expected to rise significantly. This increase will necessitate higher capital to sustain the same level of Capital to Risk-weighted Assets Ratio (CRAR). The digital and digitally-enabled collateral-free credit products being developed by SIDBI, aimed at boosting credit flow, along with the venture debt being offered to start-ups, will further escalate the risk-weighted assets, requiring even more capital to meet healthy CRAR.

A healthy CRAR, well above the mandated level, is a key to protect credit rating. SIDBI will benefit from an infusion of additional share capital by maintaining a healthy CRAR. This infusion of additional capital would enable SIDBI to generate resources at fair interest rates, thereby increasing the flow of credit to Micro, Small & Medium Enterprises (MSMEs) at competitive cost. The proposed equity infusion in staggered or phased manner will enable SIDBI to maintain CRAR above 10.50% under high stress scenario and above 14.50% under Pillar 1 and Pillar 2 over next three years.