Govt to make gold monetisation scheme attractive before launch

“We are trying to make the scheme less cumbersome so that more and more people come forward to deposit their household gold. It is possible that gold passed on as heritage from generations may not have any proof of purchase,” a senior official said.

An estimated 20,000 tonnes of gold is lying idle with households in India, while the country imports an average of 1,000 tonnes every year.

Govt to make gold monetisation scheme attractive before launch