Business

HDFC Bank To Disburse Rs 20 Crore To Social Impact Start-ups In 9th Edition of Parivartan Start-up Grants


Written by Intern Rency Gomes || Team Allycaral 

National, January 2026: HDFC Bank, one of India’s leading private sector banks, today launched the FY26 edition of the Parivartan Start-up Grants programme, its flagship initiative supporting social impact-driven innovations. The programme will support 10 strategic initiatives across priority sectors including climate innovation, agriculture and sustainable livelihoods, manufacturing and MSME innovation, financial inclusion, and gender diversity and inclusion, alongside emerging areas such as AI and deep technology.


In FY26, the programme will disburse Rs 20 crore through non-dilutive grants, designed to enable pilots, validation, and early-stage scale-up of startups. This edition also marks steady progress towards the programme’s 10-year milestone, with expanded partnerships with incubators from reputed institutions across India.

The Parivartan Start-up Grants programme follows an incubator-led, portfolio-based model, under which partner incubators handle programme design, startup outreach, evaluation, mentoring, monitoring, and impact reporting.

Commenting on the launch, Mr. Kaizad Bharucha, Deputy Managing Director, HDFC Bank, said:
“Parivartan Start-up Grants has evolved as a benchmark in the industry that works closely with institutions to support innovation addressing clearly identified social and environmental challenges. In FY26, the focus is on further deepening sector engagement, strengthening ecosystems, and building institutional capacity to enable startups to receive sustained and structured support.”

Mr. Arup Rakshit, Group Head – Treasury, HDFC Bank, added:
“The programme reflects our view that early-stage social impact innovation benefits from strong institutional support that can provide mentorship, networks, and structured guidance. The FY26 edition builds on this approach, through partnerships with some of India’s leading incubators across climate action, financial inclusion, deep technology, and livelihood-focused sectors, while continuing to expand participation across regions.”

Since its inception in 2017, Parivartan Start-up Grants has supported over 500 startups, including 87 in FY25 alone, through partnerships with more than 130 incubators nationwide. Cumulatively, the programme has deployed ₹85+ crore in grant funding, with nearly 40% of supported startups originating from Tier II and Tier III cities. At a portfolio level, supported startups have raised over ₹900 crore in external funding, with ~40% co-founded by women. In FY25, the programme deployed ₹20 crore across 20 incubation centres under this model.

Events in Goa

Green Glow Environmental Festival: Alexyz Fernandes to Receive Maria Claudete Pinto Memorial Green Commitment Award


Written by Tanisha Cardozo || Team Allycaral

Environmentalist and cartoonist Alexyz Fernandes will be conferred the first Maria Claudete Pinto Memorial Green Commitment Award at the Green Glow Environmental Festival to be held in Panaji on Saturday, January 10, 2026. The award recognises his sustained contribution to environmental awareness through cartoon-art, journalism, and innovative initiatives such as the annual Plant Exhibition at Siolim.

The one-day environmental festival is being organised by the Green Ray Foundation in association with the Goa State Biodiversity Board and the Department of Art and Culture, Government of Goa. The event aims to create a vibrant platform for dialogue, learning, and creative engagement around environmental issues.

As part of the festival, Suhas Premkumar’s award-winning film Little Planet: A Tale of Frogs will be screened alongside journalist-filmmaker Arti Kulkarni’s documentary on Olive Ridley turtles, Turtles with Antenna. The programme also includes a mobile video-editing workshop conducted by journalist Niraj Prabhu, green skilling sessions, and an exhibition featuring climate change posters and wallpapers prepared by Eco Clubs from schools across Goa.

Additional activities planned for the day include training in video-editing skills, prize distribution for the EcoStar competition, and interactive workshops aimed at encouraging environmental responsibility among young participants. The keynote address will be delivered by Dr Pradeep Sarmokkadam, Member Secretary of the Goa State Biodiversity Board.

Details of the festival were shared at a press conference addressed by Green Ray Foundation’s managing trustee Tomazinho Cardozo, along with trustees Pravin Sabnis and Willy Goes. They highlighted that the festival is designed to be inclusive and accessible, bringing together students, teachers, researchers, journalists, filmmakers, and environmentally conscious citizens.

The Green Glow Environmental Festival is free and open to all. Interested participants are requested to send their names via WhatsApp to 9822137958, 9822170102, or 9422640141.

The Green Ray Foundation was established in 1990 by the late Maria Claudete Pinto, a committed environmentalist who envisioned empowering students with values of environmental preservation and guiding society towards sustainable, eco-friendly living. The festival and the newly instituted memorial award continue to carry forward her legacy of grassroots environmental action and education.

Human Interest

PM Modi Plants Kadamb Sapling Gifted by King Charles III on His 75th Birthday


Written by Intern Queeny George M.H, by Team Allycaral

Prime Minister Narendra Modi marked his 75th birthday with a deeply symbolic gesture—planting a Kadamb sapling gifted to him by British King Charles III. The event took place at Modi’s official residence on Friday and was in line with his ongoing environmental initiative, Ek Ped Maa Ke Naam, which encourages citizens to plant a tree as a tribute to their mother.

The British High Commission in India had earlier announced the gift on September 17, stating that it was inspired by Modi’s call for environmental stewardship. According to the Commission, the gesture reflects the shared commitment of King Charles III and Prime Minister Modi to promoting sustainability and environmental conservation across global platforms.

The act also underscores the deepening partnership between the United Kingdom and India, particularly in the area of climate and clean energy. During his official visit to Britain in July, Prime Minister Modi had presented a Sonoma tree to King Charles III as part of the same initiative. The reciprocal nature of these symbolic gifts highlights a growing collaboration that transcends traditional diplomacy.

An official video released by the government showed PM Modi planting the sapling, emphasizing the strong personal and political significance of the moment. The British High Commission reaffirmed that environmental cooperation remains a key pillar of the UK-India partnership, as outlined in the “Vision 2035” roadmap jointly developed by the two Prime Ministers.

As the world faces the growing challenges of climate change, such initiatives—both symbolic and practical—demonstrate the potential of global partnerships rooted in mutual respect and shared values. The Kadamb sapling now stands not just as a birthday gift, but as a living testament to a vision for a greener, more sustainable future.

Special Occasion

World Ozone Day 2025: From Science to Global Action — A Celebration of 40 Years of Environmental Progress


Every year on September 16, the world observes World Ozone Day—a moment to reflect on the critical role the ozone layer plays in protecting life on Earth. Acting as a natural shield, the ozone layer absorbs most of the sun’s harmful ultraviolet (UV) radiation, which, if left unchecked, can cause severe health problems like skin cancer and cataracts, and inflict lasting damage on ecosystems. Often called “Earth’s umbrella,” this invisible barrier is vital to our planet’s survival.

In 2025, World Ozone Day carries the theme “From science to global action,” a powerful reminder of the journey from early scientific discovery to real-world environmental triumphs. This year also marks the 40th anniversary of the Vienna Convention—a landmark moment when the global community first came together to address the threat of ozone depletion. The Convention laid the groundwork for the Montreal Protocol, signed in 1987, which has since become one of the most successful environmental treaties in history.

The history of global ozone protection efforts dates back to the 1970s and 1980s, when scientists first began to raise alarm over the thinning of the ozone layer. The discovery of the ozone hole over Antarctica, announced in 1985 by British scientists Joe Farman, Brian Gardiner, and Jonathan Shanklin, sent shockwaves through the scientific community and policymakers alike. Researchers had identified that man-made chemicals—specifically chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs), commonly used in refrigeration, air conditioning, and aerosol sprays—were the primary culprits behind ozone depletion.

In response, the international community acted swiftly. In 1985, the Vienna Convention for the Protection of the Ozone Layer was adopted, establishing a framework for cooperation and research. Two years later, in 1987, the Montreal Protocol was agreed upon. This legally binding treaty committed countries to phase out the production and consumption of ozone-depleting substances. Since then, the Protocol has been strengthened multiple times, including through the Kigali Amendment in 2016, which added a commitment to phasing down hydrofluorocarbons (HFCs)—potent greenhouse gases, though not ozone-depleting.

Thanks to decades of concerted global efforts, the ozone layer is showing signs of recovery. According to the World Meteorological Organization’s 2024 Ozone Bulletin, depletion levels have been lower compared to previous years, aided by both natural atmospheric patterns and a steady reduction in ozone-depleting substances. The recovery of the ozone layer stands as a rare success story in global environmental policy—proof that unified international action, grounded in scientific evidence, can truly reverse damage.

In his official World Ozone Day message, UN Secretary-General António Guterres emphasized the importance of continuing on this path, stating, “Forty years ago, nations came together to take the first step in protecting the ozone layer, guided by science, united in action.” His words resonate in a world increasingly affected by climate-related challenges, highlighting the power of collaboration and the urgency of maintaining environmental commitments.

As we celebrate World Ozone Day 2025, we not only commemorate past achievements but also renew our commitment to protecting the atmosphere for generations to come. The journey from science to global action is far from over—but it offers hope that when nations stand together, even the most daunting challenges can be overcome.

EduConnect

World Ozone Day Celebrated at PM SHRI GHS Morpirla with Creative Climate Action Activities


PM SHRI GHS Morpirla joined the global observance of World Ozone Day with a meaningful celebration focused on the theme “Advancing Climate Action.” The school organized a series of engaging activities, including headgear making, poetry recitation, and poster competitions that allowed students to creatively express their understanding of ozone protection and environmental sustainability.

Teachers used the occasion to educate students on the critical role of the ozone layer in shielding the Earth from harmful ultraviolet radiation. They stressed the importance of eliminating chlorofluorocarbons (CFCs), commonly found in cooling systems, which contribute significantly to ozone depletion and global warming.

The celebration also brought attention to the growing challenge of rising global temperatures and the increasing dependency on cooling technologies—creating a feedback loop that worsens climate change. Educators urged students to be mindful of their environmental impact and inspired them to become active participants in climate action.

Through interactive participation and awareness-driven messaging, the event not only commemorated the importance of the ozone layer but also served as a platform to reinforce the urgent need to protect the planet for future generations.