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Flame merging ceremony at National War Memorial

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National War Memorial was inaugurated and dedicated to the Nation by the Prime Minister on 25 Feb 2019. The Memorial stands testimony to the sacrifices made by our gallant soldiers since Independence. The Memorial houses the eternal flame which exemplifies the supreme sacrifice made by a soldier in the line of duty thus making him immortal. Since its inauguration, all homage ceremonies are being conducted only at the National War Memorial, including those on National Days.

On Friday in a befitting solemn ceremony, the flame at Amar Jawan Jyoti was merged with the eternal flame at National War Memorial with full military honours. The ceremony was presided over by Air Marshal BR Krishna AVSM SC, Chief of Integrated Defence Staff to the Chairman Chiefs of Staff Committee (CISC).

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HDFC Bank adjudged Best Performing Bank in SHG Linkage by NRLM, Ministry of Rural Development, Govt of India

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HDFC Bank has been adjudged Best Performing Bank in SHG Linkage by National Rural Livelihood Mission (NRLM), Ministry of Rural Development, Govt of India.

At a function organised at Vigyan Bhavan, New Delhi, the award was presented by Giriraj Singh, Minister of Rural Development to K Venkatesh, Head – Sustainable Livelihood Initiative, HDFC Bank. Notably, HDFC Bank was the only Private Bank to be felicitated for remarkable work in SHGs – by the National Rural Livelihood Mission (NRLM).

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Self Help Group (SHG) is a group lending model with a group of small-time women entrepreneurs coming together for a loan, where the repayment is a collective responsibility of each member in the group. Self Help Group emphasises on the concept of group cohesion and bonding. Due to this structure, an SHG is an evolved group with strong group linkage in place.

Given the structure, Govt of India started National Rural Livelihood Mission (NRLM) in 2011 as a poverty alleviation project. Implemented by the Government of India under the ministry of Rural Development, NRLM’s focus is to promote self-employment and create sustainable livelihood opportunities for the rural poor.

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As part of NRLM, HDFC Bank provides access to financial services to over 4.5 lakh individuals in unbanked and underbanked sections of society. The Bank has signed MoUs with State Rural Livelihood Mission of six states, namely Assam, Chhattisgarh, Maharashtra, Punjab, Rajasthan and Uttar Pradesh.

Under the National Rural Livelihood Mission, the bank has offered advances over Rs 1,000 crore – as of February 2022.

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