New Delhi: Everyone wants to invest in avenues that offer good returns with ease. People often fulfil their dreams of earning substantial profits through investments like Fixed Deposits (FDs) and Systematic Investment Plans (SIPs), which are hassle-free and considered extremely safe. We are now going to tell you about a method to earn excellent returns without relying on FDs or SIPs.
You can actually earn interest on the gold kept at home. The government appears to be making significant preparations for this initiative. It aims to utilize the gold held by the general public, allowing them to earn income without even leaving their homes. The government is formulating a robust gold investment plan designed to be completely hassle-free. You can find the key details in the article below.
Know the Government’s Plan
Did you know that the central government is set to launch a new scheme soon? Under this plan, the general public will be able to deposit their gold—such as coins, jewellery, or bars—with nearby certified jewellers. In exchange for this gold, they will earn a decent amount of interest. The government is currently working on this initiative.
At present, the government is structuring the scheme. In the initial phase, discussions are being held with jewellers and business owners. Subsequently, the final structure of the scheme will be prepared. Jewellers will play a pivotal role in this entire government scheme. However, the government has not yet made any official announcement regarding it.
What is the Government’s Objective?
The objective of this central government scheme is to bring the gold lying idle in people’s homes into the market. Indian households possess vast quantities of gold; if even a small portion of this enters the market, it would be highly beneficial for the country. This could lead to a reduction in gold imports and significantly aid in increasing investable capital within the country.
Which scheme did the government launch in 2015?
For context, the government launched the Gold Monetisation Scheme in 2015. Under this scheme, people were required to visit banks or designated testing centres, a process that caused them inconvenience. According to reports, only 38 tonnes of gold had been deposited over a period of 10 years, that is, by 2025. The government is now set to introduce some changes to the scheme. It is hoped that the revised scheme will succeed and yield tangible benefits. The government is working rapidly on a new plan for the benefit of the people.
