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A true Grandmaster & pride of India! Congratulations to Viswanathan Anand

Published By : Admin | May 30, 2012 | 17:30 IST

Gujarat Chief Minister Shri Narendra Modi congratulates Viswanathan Anand for winning his 5th title as World Chess Champion 

Shri Modi Tweeted: “A true Grandmaster & pride of India! Hearty congratulations to Viswanathan Anand for winning his 5th World Chess title!” 

Mr. Anand has visited Gujarat for Golden Chess Mahotsav, which even made it to the Guinness Book of World Records as 20,000 people played chess at a single venue.

Gujarat Chief Minister Shri Narendra Modi congratulated Mr. Viswanathan Anand on his being crowned the World Champion for the 5th time. Mr. Anand defeated Israel’s Boris Gelfand at a match held in Moscow.

Shri Modi congratulated Mr. Anand on Twitter where he tweeted, “A true Grandmaster & pride of India! Hearty congratulations to Viswanathan Anand for winning his 5th World Chess title!”

Gujarat has made a steady effort to popularize chess across all ages. Shri Modi once said that chess is a stress killer and can also help in giving a direction to life, adding that chess can cultivate some fine mental abilities.

In 2010, Shri Modi had inaugurated the Swarnim Chess Mahotsav with Mr. Viswanathan Anand in which the Chief Minister came face to face with the Grandmaster on the chessboard. The Chess Mahotsav was started with a determination to popularize Chess right from the school level across Gujarat.

In December 2010, the Golden Chess Mahotsav made it to the Guinness Book of World Records during which over 20,000 chess players from all parts of the world engaged in games of chess at a single venue. Mr. Viswanathan Anand himself was present there to guide and inspire the chess players.

During 2011’s Khel Mahakumbh, Shri Narendra Modi released a special book for visually challenged children who enjoy playing chess.

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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.