Narendra Modi launches three Mega Gold schemes

modi-gold-schemesPrime minister Narendra Modi launches three mega gold schemes

He said, Gold is a symbol of empowerment of women , they will drive the success of these schemes. Gold schemes focused on growth.  India has 20k tonnes of gold resources , so why are we still poor? The gold is estimated at around $800 billion is lying unused.

He said, Women usually don’t own anything, house, car usually named after their husband or son, but Gold a matter of their strength.

Scheme 1 : , banks will collect gold for up to 15 years and pay 2.25-2.50 per cent interest per year.

Scheme 2: sovereign gold bonds that offer 2.75 per cent interest to investors to cut physical buying gold

Scheme 3: gold monetisation programme

Apart Indian Gold coins with Ashoka Chakra on one side and Mahatma Gandhi on other.