Finance Ministry in association with MyGov India is announcing a contest to crowdsource the name, tagline and logo of the new Development Financial Institution. Participants can win cash prizes of up to five lakh rupees in each category. The last date for entries is 15th of October.
The setting up of a Development Financial Institution was announced by Finance Minister Nirmala Sitharaman in Budget 2021-22. Both houses of Parliament passed the National Bank for Financing Infrastructure and Development Bill, 2021 in March this year.