Transforming our nation into a Vibrant

Transforming our nation into a vibrant knowledge society and global knowledge superpower by high quality education’

NIT Tiruchirappalli celebrated the Teacher’s day on a virtual platform to recognise the achievements of faculties, research scholars and staffs. This celebration has got new significance as Chairperson, Board of Governors Shri. Bhaskar Bhat was the chief guest for the function. He was captioning Titan to second largest TATA company and 
awarded best entrepreneur in 2019.

Prof. S Shanmugham Dean (Academic) welcomed the gathering.Prof. Mini Shaji Thomas,Director,NIT Tiruchirappalli welcomed our Chairperson Board of Governors Shri. Bhaskar Bhat.She remembered former President of India,  Honourable  Shri Pranab Mukherjee for this words “Education is the true alchemy that can bring India to its next golden age” and shared her teachers day wishes. The year 2019-2020 has been a 
remarkable year of progress and congratulated the faculties, students, alumni and staffs for the phenomenal achievements. She mentioned that the tradition of excellence continues with the strategic plan (2019-2034) and reached the newer height of obtaining 9th position in Engineering institutions based on NIRF rankings and she listed the recent laudable milestones achieved during COVID times are National Supercomputing Mission (NSM) a Supercomputer is being installed at an investment of Rs. 19 Crores, part of the Prime Minister’s Research 
Fellowship (PMRF),exclusive center for IPR set up by National Research Development Corporation,National MOOCS coordinator for UG, PG Engg., and Our institute was invited to represent in the National Conclave on 
National Education Policy, 2020.

She also stated that three new PG programs would be started this year are M. A. in English (Language and Literature), M. Tech. in Geotechnical Engineering and M. Tech. in Industrial Automation contributing to the concept of Multidisciplinary Educational and Research University (MERU) in the National Education Policy 2020.She was proud to report that NIT Tiruchirappalli recruited 71 new faculty in March 2020, 67 have already joined amidst the pandemic.The Institute is getting younger as the new Faculty brings together two 
generations of thought-leaders; two different cultures; two different attitudes to challenges; and two different worlds. The total Faculty strength stands at 312, and recruitments stand at 289 (170 promotions 
and 119 New Recruitments in the last 2 years).The Institute also automated all offices in late 2019 and recruited 21 senior non-teaching staff in total.

Chairperson, Board of Governors Shri. Bhaskar Bhat remembered former President of India,  Honourable Dr. APJ Abdul Kalam and applauded the efforts put forth by Prof.Mini Shaji Thomas,Director,NIT Trichy for converting vision into goals and truly being focused on it and converting it to reality. He was impressed with the long term plan of the institute, size of institution and its 56 year record and area of investments. He compared the business in industry and academia and mentioned that the primary purpose is to create value and differentiated valuation and value creation.  This can be brought about by articulating in many ways by making difference in life of 
each individual. He quickly visited the National Educational policy which envisions India centeredness education system that contributes directly in transforming our nation into a vibrant knowledge society and global knowledge superpower by high quality education. He also said about the under graduates studies need to be integrated with 
rigorous exposure to the science, arts, humanities, mathematics, professional fields through flexible curricular structure, combi-national studies with vocational courses and multiple entry exit points.  He also urged us open up the minds to the new race and to take the lead and accord recognition. In a final note he recommended 
to revisit the vision of the institute for progressive tomorrow.

On the eve of Teacher’s Day celebrations,the institute had recognized the outstanding best performer award for 27 Faculty members,Prof. P S Manisundaram award for 3 non-teaching staffs and Budding Researcher 
Award for 14 Research Scholars. The best Department was awarded to Chemical Engineering and Management studies.

RECAL (REC/NIT Trichy Alumni Association) wished all the faculty of NIT Tiruchirappalli, Happy Teacher’s Day 2020 and dedicated Guru Vandanam, the Video & Original Song in a virtual meeting(https://youtu.be/wyds3y4lov0).The original song was composed, arranged and performed by our Alumnus, Satish Chakravarthy (Class of 1999, Meta) which was dedicated today to all faculty of REC/NIT Trichy, by all Alumni.

Tata Capital rolls out Version 2.0 Digital Platform Exclusively

Tata Capital rolls out Version 2.0 Digital Platform Exclusively for MSMEs

Now Faster and Easier than before 

• MSME customers can now avail loans upto 50 lakhs within 4 hours

·         Minimal Documentation with 90 % faster and simpler processes

Tata Capital, the financial services arm of the Tata Group rolls out Version 2.0 digital platform to provide faster and easier loans exclusively for MSMEs. Customers can now use this enhanced digital platform to avail working capital loans upto 2 crores within 48 hours with minimal documentation. Loans are available across various categories i.e.  channel finance, sales invoice discounting and equipment finance.

Tata Capital ‘s Version 2.0 digital platform for MSMEs offers a series of value added features which are:

·         An automated credit scoring engine across all loan products

·         Digital underwriting capabilities using over 1000 data points

·         Seamless integration with a host of third-party information sources such as Udyog Aadhar, PAN, GST, ITR, CIN, bureau data, bank statement analysis amongst others, to eliminate data entry and enable immediate decisions. 

 “We are delighted to roll out Version 2.0 of Tata Capital‘s digital platform for MSMEs designed to bring even greater speed and convenience to our customers. As we enhance our existing digital SME offering, the approval process has become significantly faster with minimal data entry and documentation. Based on early usage data, we see an overall employee productivity increase of over 50%. With more and more SME customers adapting to digital platforms, we will continue to innovate and bring in differentiated services to the segment.” said Abonty Banerjee, Chief Marketing and Digital Officer, Tata Capital

Tata Capital launched their new digital lending platform for MSME a few months ago and so far over 50% of new customers are acquired using this platform. The platform has also enabled the organization to enter new segments and offer loans with lower-ticket sizes. Customers can now avail channel finance loans upto 2 crores, sales-invoice discounting facility upto 20 crores and equipment finance loans upto 1 crore.

“MSMEs significantly contributes over 17% to the GDP and help grow the economy. Tata Capital is committed to being a leading financial solution provider to the MSME segment. With technology as the backbone of our product offerings, we are able to meet the diverse credit needs of our customers. Our latest digital MSME offering comes with smarter features to bring true value to our customers’ credit requirements.” said Sarosh Amaria, COO, Commercial & SME Finance, Tata Capital Financial Services

Tata Capital’s latest digital platform for MSMEs is another feather in Tata Capital’s bouquet of digitized services. Along with voice-bot TIA and other focused digital initiatives, Tata Capital aims to meet the diverse needs of the ever- evolving customer.