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Prime Minister launches three gold related schemes viz. Gold Monetization Scheme Sovereign Gold Bond Scheme and India Gold Coins

Dated:- 6-11-2015 - The Prime Minister, Shri Narendra Modi, launched three gold related schemes at a function. The schemes are - Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins. On the occasion, the Prime Minister Shri Narendra Modi described the schemes as an example of sone pe suhaaga (icing on the cake). The Prime Minister said India has no reason to be described as a poor country, as it has 20,000 tonnes of gold. He said the gold available with the country should b .....

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akra, as a matter of pride for the nation. He said people would no longer have to depend on foreign minted gold bullion or coins. The Prime Minister also launched a website on these schemes http://finmin.nic.in/swarnabharat , and distributed Certificates of Investment to six initial investors. Earlier, addressing the gathering, the Union Finance Minister Shri Arun Jaitley said that gold lying with an individual can be a personal savings but it does not contribute in the development of the countr .....

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