Government calls meet to review gold monetisation scheme

Following a tardy progress in the most ambitious Gold Monetisation Scheme since its launch on November 5 last year by Prime Minister Narendra Modi, Finance Ministry has called another meeting of all stakeholders on March 18 to discuss why the scheme is not gaining momentum.

Till February, a little over 1 tonne of gold was mobilised under the scheme compared to nearly 4 tonne of sale of sovereign gold bonds in first two tranches while third tranche is still open.

Government calls meet to review gold monetisation scheme