Surat (Gujrat), Oct 25: Citing disbursal of loans under the Pradhan Mantri Mudra Yojana (PMMY), Prime Minister Narendra Modi Thursday said "unprecedented" employment and entrepreneurial opportunities exist in the country today.

Modi addressed the employees of Hari Krishna Exports, a prominent Surat-based diamond processing-exporting firm, through video conference from Delhi.

The company, led by Savji Dholakia, gifted 600 cars to its employees Thursday as Diwali bonus at an event named as 'Hari Krishna Skill India Incentive Ceremony'.

"Around 14 crore loans were disbursed across the country under this (Mudra) scheme. Out of these, 40 lakh loans were given to the youth of Gujarat. In the last four years, loans worth Rs 7 lakh crore were disbursed under this scheme," Modi said in his speech.

"Out of all those who took loans under Mudra, over 3.5 crore youth were first-time entrepreneurs, as they have chosen the path of self-employment for the first time. Today, there exist unprecedented employment as well as entrepreneurial opportunities in the country," the prime minister said.

Two women, one of them a disabled person, and two male employees of the firm received keys of their cars from Modi himself in Delhi.

The prime minister said his government has been taking many steps to strengthen the gems and jewellery sector, as it is a significant generator of employment and a key contributor to the exports.

Referring to the "Main Nahin Hum" portal and app launched yesterday, Modi urged the company and its employees to dedicate some time for social causes.

He appealed Dholakia and his company to set themselves a target of making at least 100 villages "digital" by 2022.

He would be visiting Gujarat on October 31 to dedicate the Statue of Unity of Sardar Vallabhbhai Patel, Modi said.

"The biggest Diwali for Gujarat will be on October 31, when the Statue of Unity will be dedicated to the nation," he said.

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Mumbai: Tata Consultancy Services on Friday said it has initiated a formal internal investigation into allegations linked to its Nashik unit and engaged independent external experts to ensure transparency in the process.

Chief Executive Officer and Managing Director K Krithivasan was quoted by The Observer Post as saying that the company has appointed Deloitte and Trilegal as independent counsel to support the probe. The internal investigation is being led by Aarthi Subramanian.

The company has constituted a supervisory committee chaired by independent director Keki Mistry, which will oversee the process. The committee will also review findings and monitor the implementation of recommendations.

Krithivasan said a preliminary review of the company’s internal systems and records had not revealed any complaints of the nature being alleged through its ethics or POSH channels.

He also clarified that an employee named in media reports, Nida Khan, was not part of the human resources function and did not hold any leadership role. He informed that she worked as a process associate.

The company has also rejected reports suggesting that operations at the Nashik facility had been suspended. It asserted that the unit continues to function without disruption with a zero-tolerance policy towards misconduct.