Schemes for gold investment
Posted on: 22/Jun/2013 2:30:10 PM
The Union finance ministry has approached jewelers to come up with schemes that will encourage people to deposit gold with their banks and make more investments in the metal.
�SBI had offered it but they could not execute it properly so now even government is saying that if you can come out with this kind of scheme definitely government will help it� GJF (Gems and Jewellery Trade Federation) have been asked by the finance ministry to look into all risk factors which will be involved in the scheme and repayment should favour the consumer. GJF is calling it Swarn Bachao Plan (save gold plan)� The government has positively accepted and they have offered us to design a proper scheme were domestic gold can come out and for traders that can be used as working capital So import can be reduced and our current account deficit (CAD) situation can be improved�, said All India Gems and Jewellery Trade Federation (GJF) Chairman Haresh Soni.
