NABARD urges bankers to move towards value chain financing, market-linked interventions
Ajay Kumar Sood of NABARD encouraged bankers to adopt value chain financing. He emphasized moving past traditional lending methods. Cooperative Banks will now lend to LAMPS and PACS for farmers. Sood marked the International Year of Cooperatives - 2025. He inaugurated JIVA Natural Farming Projects. He visited FPOs and Tribal Development Projects.
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The Hindu
a day ago
- The Hindu
‘To emerge as a true global power, India must secure technological sovereignty'
Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, who delivered the convocation address, has said that in an ever-evolving world, technology will be the greatest enabler for youth. Mr. Sood, who delivered the convocation address of the Visvesvaraya Technological Univesity on Friday, said, 'It is a force that will not only shape your personal and professional paths, but also play a crucial role in building a stronger India. As both a catalyst and a cornerstone of national progress, technology transforms how we live, work, and connect. It fuels economic growth through innovation, enhances productivity in vital sectors like agriculture and healthcare, and bridges critical gaps in education and public service delivery,'' he said. 'To emerge as a true global power, India must secure technological sovereignty — the ability to design, develop, and deploy critical technologies independently, especially in the era of artificial intelligence (AI). And this is especially crucial today, in an era where AI is redefining how the world thinks, works, and competes. 'Across the globe, AI models like OpenAI's GPT, Google's Gemini, and China's DeepSeek have already shown us the extraordinary influence of foundational technologies. They're not just tools but breakthroughs that are shaping economies, steering geopolitics, and influencing culture and national security. 'DeepSeek, in particular, disrupted the global AI landscape by delivering a powerful language model at a fraction of the cost of its Western counterparts proving that world-class innovation is no longer limited to tech giants. 'This transformation signals a clear message: India must act now. Not only to reduce dependency, but to ensure that our languages, cultures, and ethical values are embedded in the digital systems of tomorrow. This isn't just about catching up. It's about leading,' he said. In response to this challenge, the Government of India had launched the IndiaAI Mission, which was a bold initiative to build indigenous AI models tailored for India's needs. Under this mission, four pioneering start-ups — Soket AI, Sarvam AI, and — were developing multilingual, emotion-aware AI systems that reflected the richness of our 22 official languages and countless regional dialects. These models were being trained on Indian datasets, with applications across defence, agriculture, education, and healthcare, he said. The Department of Higher Education had taken a forward-looking step by establishing four Centres of Excellence (CoEs), each dedicated to building capacity in cutting-edge technologies. These centres focused on areas like AI in healthcare, agriculture, and sustainable cities. By aligning academic learning with real-world challenges, these CoEs are not only preparing our students and researchers for tomorrow but also aimed for actively shaping the vision of Viksit Bharat,' he said. Governor's call Governor Thaawarchand Gehlot, in his address, called upon young engineering graduates to use their innovative and creative spirit to create new industries and join hands in nation building. He said that they should create industries and provide employment. He also said that today's graduates should pay attention to environmental protection and engage in research and development that helped society. The university presented honorary doctorates to V. Narayanan, Chairman, Indian Space Research Organisation, Prashant Prakash, founder, Excel India, and C.S. Sunder Raju, Chancellor, Atria University, Bengaluru. Vice-Chancellor S. Vidyashankar was present.
Mint
4 days ago
- Mint
Banking, financial services MEs see 37 pc surge in AUM to ₹48,000 cr in May
New Delhi, Investment in banking and financial services sector-based mutual funds jumped 37 per cent year-on-year to ₹ 48,000 crore in May 2025. The surge in assets is backed by the strong performance of the segment. Industry data showed that these funds have delivered returns ranging from 22 to 30 per cent over the past year, highlighting the sector's robust fundamentals and growing appeal. According to the industry data, there are currently 22 banking and financial services mutual funds in the Indian market, managing a combined assets under management of ₹ 48,000 crore in May 2025 against about ₹ 34,971 crore in May 2024. The sharp rise suggests growing investor confidence in the long-term potential of the BFSI sector. The BFSI sector, which holds the distinction of being the largest by market capitalisation in India's listed space, has remained resilient amid recent market volatility. BSE financial services index has gained nearly 14 per cent in the first three months of the current financial year alone, while BSE Bankex rose 10 per cent during the period under review. Moreover, the BFSI space is likely to expand further with unlisted players in insurance, fintech, wealth management, and digital lending expected to access public markets. This trend will further broaden the investment landscape within the sector and encourage wider market participation. "India's BFSI sector is no longer just about traditional banking it's a gateway to participate in the country's digital financial revolution. "With the formalisation of the economy, rising retail participation, and a strong pipeline of quality players, this space offers long-term structural potential. For investors looking to build wealth over time, a dedicated BFSI fund with an actively managed, fresh portfolio can be a smart and timely allocation," Alpa Shah, a wealth manager, said. In line with this growing momentum, Mahindra Manulife Mutual Fund recently launched the Mahindra Manulife Banking and Financial Services Fund on June 27. The new fund offer is open until July 11 and aims to provide investors with an opportunity to participate in the sector's growth story through a portfolio aligned with current market dynamics. For investors seeking targeted exposure to India's financial transformation, a measured allocation to such funds with a minimum investment horizon of 3 to 5 years can be a prudent move, fund managers suggested.
Mint
4 days ago
- Mint
Banking, financial services MEs see 37 pc surge in AUM to ₹48,000 cr in May
New Delhi, Investment in banking and financial services sector-based mutual funds jumped 37 per cent year-on-year to ₹ 48,000 crore in May 2025. The surge in assets is backed by the strong performance of the segment. Industry data showed that these funds have delivered returns ranging from 22 to 30 per cent over the past year, highlighting the sector's robust fundamentals and growing appeal. According to the industry data, there are currently 22 banking and financial services mutual funds in the Indian market, managing a combined assets under management of ₹ 48,000 crore in May 2025 against about ₹ 34,971 crore in May 2024. The sharp rise suggests growing investor confidence in the long-term potential of the BFSI sector. The BFSI sector, which holds the distinction of being the largest by market capitalisation in India's listed space, has remained resilient amid recent market volatility. BSE financial services index has gained nearly 14 per cent in the first three months of the current financial year alone, while BSE Bankex rose 10 per cent during the period under review. Moreover, the BFSI space is likely to expand further with unlisted players in insurance, fintech, wealth management, and digital lending expected to access public markets. This trend will further broaden the investment landscape within the sector and encourage wider market participation. "India's BFSI sector is no longer just about traditional banking it's a gateway to participate in the country's digital financial revolution. "With the formalisation of the economy, rising retail participation, and a strong pipeline of quality players, this space offers long-term structural potential. For investors looking to build wealth over time, a dedicated BFSI fund with an actively managed, fresh portfolio can be a smart and timely allocation," Alpa Shah, a wealth manager, said. In line with this growing momentum, Mahindra Manulife Mutual Fund recently launched the Mahindra Manulife Banking and Financial Services Fund on June 27. The new fund offer is open until July 11 and aims to provide investors with an opportunity to participate in the sector's growth story through a portfolio aligned with current market dynamics. For investors seeking targeted exposure to India's financial transformation, a measured allocation to such funds with a minimum investment horizon of 3 to 5 years can be a prudent move, fund managers suggested. This article was generated from an automated news agency feed without modifications to text.
