Gold deposit scheme launched amid fanfare two weeks ago has so far attracted only 400 grams, according to Gem and Jewellery Export Promotion Council (GJEPC).
Gold deposit scheme launched amid fanfare two weeks ago has so far attracted only 400 grams, according to Gem and Jewellery Export Promotion Council (GJEPC). Industry representatives including representatives from the Reserve Bank, Bureau of Indian Standards (BIS), MMTC and private banks on Thursday met economic affairs secretary Shaktikanta Das and discussed ways for opening more centres for gold testing.
“Under gold monetisation scheme 400 grams have been deposited so far,” said Gem and Jewellery Export Promotion Council’s (GJEPC) northern region chairman Anil Sankhwal. He said that a shortage of centres to assay the gold being put on deposit is a problem that the government has agreed to address.
Export Promotion Council for EOUs and SEZs vice chairman and CEO P P Jewellers Rahul Gupta said they have requested the finance ministry to allow jewellers registered with BIS to act as collection point for gold.
“If the 13,000 BIS-certified jewellers are allowed to act as collection agents, then I am hopeful that the scheme will take off in a good way,” said Mr Sankhwal.
