This award will be conferred on to both the original author of selected Novel and the translator who undertakes translation of the book into Hindi from the original Indian language (included under 8th Schedule of the Constitution). Under this award, every year the Author and Hindi translator of the award winning Novel will get ₹21.00 lakh and ₹15.00 lakh respectively. Moreover, for the other five shortlisted entries, the Author and Hindi translator will be awarded with ₹3.00 lakh and ₹2.00 lakh each respectively.

The Bank has taken a significant step for promoting literature in Indian languages and their outstanding translation in Hindi by establishing this award. This initiative by the Bank will not only encourage the translation of literature written in Indian languages into Hindi, but will also encourage quality creative writing in Indian languages. In both the ways, it will give a boost to creative writing in India. This award will prove to be a very effective tool to promote literary translation work in India.

There are two common pain points faced by financial services institutions in general i.e. Seamless Customer On-Boarding and Customer Engagement. In order to tackle the above pain points with the assistance of the Account Aggregator framework, Bank of Baroda is organising the “bob World hAAckathon”. The aim of the hackathon is to leverage the AA framework to come up with ideas and solutions to solve for the above issues.

With the establishment of this award, Bank of Baroda will make significant contribution to all three fields i.e., Indian languages, literature and translation. The Award seeks to recognise outstanding literary works in Indian languages as it will be given to both, the Author and the Hindi translator.

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