Earn Rs 5 Lakh For Giving A Name, Tagline & Logo For This Govt. Institution: Here’s How

What if you will win a chance by sitting at your home to win up to Rs 5 lakhs only by assigning a name, tagline and logo for an institution.? Yes you are at the right place, the central government of India has announced a competition where Indian residents can take part in "Name, Tagline and Logo" contest for Development Financial Institution. Regarding the same MyGovIndia has published a tweet that "Put on your creative hat and stand a chance of winning a cash prize of Rs 5,00,000 for each category! Participate in Name, Tagline and Logo contest for Development Financial Institution."

By visiting https://www.mygov.in/task/name-tagline-and-logo-contest-development-financial-institution/ individuals can login to participate.

Details of Name, Tagline and Logo contest

According to the official website of https://www.mygov.in/:

Infrastructure is essential to building a new India. This would mean new projects, expanding existing infra and revitalizing decrepit infra. The National Infrastructure Pipeline of INR 111 Lakh Crore was a recognition of this need and accordingly over 7000 projects were identified. However, the execution and completion of these projects will require timely finance and the requirement of funds is large.

Put on your creative hat and stand a chance of winning a cash prize of ₹5,00,000 for each category!

Participate in Name, Tagline and Logo contest for Development Financial Institution.

Visit: https://t.co/VdrHvzPCEb@PMOIndia @FinMinIndia @PIB_India @MIB_India pic.twitter.com/QVlfJ55Y7B

— MyGovIndia (@mygovindia) July 27, 2021

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.

The website has also stated that "In view of the above, 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 of the competition

According to the website of MyGovIndia "Entries for the competition are invited up to 15th August, 2021. Entries will be evaluated on creativity, vibrancy, ability to connect with the theme, citizens and all stakeholders should reflect the spirit of New India as we celebrate Azadi Ka Amrut Mahotsava with India@75."

Prize details and winning prize

According to the official website of https://www.mygov.in/:

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/-

Source: https://www.mygov.in/task/name-tagline-and-logo-contest-development-financial-institution/