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Noted film actor Ajay Devgan pays courtesy visit to CM

Published By : Admin | May 15, 2012 | 18:34 IST

Devgan expresses thankfulness for the state government’s cooperation to his solar energy venture in Gujarat

Credits Gujarat’s all-round development to the dynamic leadership of the Chief Minister

Noted Hindi film actor Ajay Devgan paid courtesy visit to Chief Minister Narendra Modi today and expressed thankfulness for the State government’s cooperation to his solar energy venture which is taking place at the solar park at Charanka in Gujarat.

Mr.Devgan credited Gujarat’s all-round development to the dynamic leadership of the Chief Minister. He expressed keenness in expanding his partnership in the State’s development.

During the meet, Chief Minister outlined the success of the State’s latest pilot project for generating solar power by installing solar panels on Narmada canal. Mr. Modi said the State government has undertaken expeditious research in the direction of generating power by putting micro hydro turbine in the flowing water of Narmada.

Mr. Modi added that Narmada canal is the largest irrigation canal in the world and the power can be generated by installing solar panel and micro hydro turbine over it. He expressed desire to take this project ahead on the public-private-partnership bases.

Mr. Devgan expressed desire to partner in this project as well.

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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.