Hello Everyone, Government has organized a new contest where they are looking for someone who can create a Name, Tagline and Logo contest for Development Financial Institution . The selected person will win an amount of Rs 15 Lakh. Below is the complete detail of the competition :
What is the motive :
For many years, banks had been the primary source of funding infrastructure. Government has now taken a decision to create a Development Financial Institution (DFI) exclusively for funding infrastructure. This has been approved by Parliament through the National Bank for Financing Infrastructure & Development Act, 2021. This Infra DFI will be a Development Bank with credibility and a mandate through explicit Government support. This DFI will crowd in, not elbow out, other lenders. It will not do everything itself. Therefore, it will not only be a provider of credit and credit plus services but equally, be an enabler and a catalyst for a new ecosystem for infra based on collaboration and on partnership. Its operations will prioritize risk mitigation, product innovation, accessing green and ethical funds and helping to develop a vibrant bond market.
This would be a DFI with size and the ambition to make a difference as well as the ability to play a counter cyclical role whenever needed. It will lend long term, for achieving financial closure for big ticket infra projects commensurate with a $5 trillion economy.
The design of the DFI itself is path breaking and bold, representing a decisive break from conventional thinking.
About the Contest :
The Department of Financial Services, Ministry of Finance invites citizens to coin a name, suggest a tagline and design a logo for Development Financial Institution (DFI) which represent the spirit of the activities as described above.
Name, tagline and logo should represent the intent behind setting up of the Development Financial Institution (DFI) and be a clear marker of what it will/can do. It should in effect be like a visual signature, easy to recall and pronounce. Each of the three elements would stand out on its own but would represent, a synergized approach.
Last Date to Apply : Entries for the competition are invited up to 15th August, 2021.
The Winning entry will be awarded cash prizes for each category (1st, 2nd and 3rd prize each for Name, Tagline and Logo)
Category, 1st Prize, 2nd Prize, 3rd Prize:
Name: Rs. 5,00,000/-, Rs. 3,00,000/- , Rs. 2,00,000/-
Tagline: Rs. 5,00,000/-, Rs. 3,00,000/- , Rs. 2,00,000/-
Logo: Rs. 5,00,000/-, Rs. 3,00,000/- , Rs. 2,00,000/-
Get Complete Details about the Contest : CLICK HERE
Know about the Terms and Conditions : CLICK HERE
Apply for this Contest : CLICK HERE
Check out How to Apply ??