Gold Scheme 2015 Launch in India by PM Narendra Modi for Women Empowerment
The schemes launched by Prime Minister Narendra Modi are Gold monetization scheme, Gold sovereign bond scheme and Indian Gold coins. This new Gold monetization scheme will replace the old gold deposit scheme of 1999. There is no maximum limit for the deposit under this new scheme. The minimum deposit at any time will be raw gold equivalent to 30 grams of the precious metal 999 of purity.
Prime Minister Narendra Modi launched Schemes are given below:
1. Gold Monetization Scheme
2. Indian Gold Coins
3. Gold Sovereign Bond Scheme
At the launch, the prime minister said gold can be a great tool for women empowerment and that they would be the biggest beneficiaries of the new schemes. He also said gold bonds will be more beneficial than physical gold. “Women in India usually don’t own house or a car in their name, but gold is a matter of their strength. India has 20,000 tones of idle gold. It is an important aspect of women empowerment,” Modi said while speaking at the launch, “people should take advantage of the golden chance to help India march to a golden period.”
The coins will be available of 5 grams and 10 grams. The 20 grams bar will also be available in the market in on the festival season Dhanteras and Diwali. In the market 15,000 coins of 5gm, 20,000 coins of 10 gm and 3,750 gold bullions will be there for the purchase.
The designated banks will accept gold deposits under the Short Term (1-3 years) Bank Deposit (STBD) as well as Medium (5-7 years) and Long (12-15 years) Term Government Deposit Schemes. These bonds will be restricted for sale to resident Indian person including individuals, HUFs, trusts, Universities, charitable institutions. The Reserve Bank of India (RBI) will issue these bonds on behalf of the central government.
The buyer is not interested to buy the gold than buy the Sovereign Gold Bond to invest money. PM Narendra Modi said that on the one side of the coin bearing national emblem Ashok Chakra and on the other side Mahatma Gandhi's image is engraved.
Narendra Modi launches schemes are one of the best schemes and to take better benefit of the gold that is lying in the bank. The gold lying in the bank lockers will be use now because on it 2.75 % interest will be given on the paper gold. The cash and gold is not given by bank at night but this scheme will also get at night. This bond will be taken by the Doctor in the Hospital for the operation of the patient. |
