Gujarat's Chief Minister Shri Narendrabhai Modi today sealed the 90-kg Time Capsule, scripting the progress of the state since its formation on May 1, 1960, and lowered it under the ground for posterity at the site of Mahatma Mandir here today.

The capsule, christened 'Kaal Sanduk' of 'Smriti Manjusha' is made of special gauge stainless steel after given proper treatment. The scripts are written on a 100-foot long, 3-foot wide special paper mixed with plastic. They have been written in Gujarati, Hindi, English and Sanskrit. It should last 1,000 years.

It contained 29 audio-visual compact discs prepared by the Government of Gujarat, Ravishankar Maharaj's word-by-word speech delivered at the time of Gujarat's Foundation Day on May 1, 1960, the concept of the Mandir and the opinion of 'kar sevaks' participating in its construction.

The capsule also carried proceedings of the state's golden jubilee celebration on May 1, 2010, the resolution passed by Gujarat's present and past Chief Ministers, MPs and MLAs at the unique parliamentary conclave, named 'Swarnim Gujarat Sanasadiya Parishad' held at the State Assembly on January 1, 2010.

Shri Modi lowered the capsule under the ground at 12.19 p.m., amidst chanting of Vedic hymns in the presence of the Council of Ministers, MPs, MLAs, Mayors and Sarpanchs from various cities and villages, among others.

Speaking on the occasion, Shri Modi said the centrally located Mahatma Mandir is being built on a site at the state capital so that it could be viewed from all directions by the elected representatives, administrators and others, continuously reminding them about the high ideals and values of the man of the millennium, the global citizen.

The majestic Mandir is being built by the people's strength with symbolic samples of soil and water brought in 50,000 pitchers from 26 nations, all the states in India, from all the 159 towns and 18,000 villages in Gujarat. The project has been undertaken as part of the state's golden jubilee celebration.

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శ్రీరామ జన్మభూమి ఆలయ ధ్వజారోహణ ఉత్సవం సందర్భంగా ప్రధానమంత్రి ప్రసంగం
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India's sugar output increased 22% to 15.9 MT until January 15: ISMA
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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.