Components of Gold Monetisation Scheme Discontinued
On 25th March 2025, the Union Finance Ministry announced the discontinuation of the medium and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from 26th March 2025.
- This decision comes after a comprehensive review of the scheme’s performance and evolving market conditions.
- Launched in 2015, GMS aimed to reduce the country’s dependency on gold imports and mobilise the vast gold holdings of households and institutions for productive use.
Key Points
- Only short-term deposits managed by banks will continue.
- From 26 March 2025, no new deposits to be accepted at collection centres, testing agents, or designated bank branches.
Already a Member? Login here Do You Want to Read More?
Subscribe Now
To get access to detailed content
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 India Lists First Mortgage-Backed Pass Through Certificates on NSE
- 2 Bond Forward in G-Secs
- 3 4th Phase of Consolidation of Regional Rural Banks
- 4 SIDBI’s Report on MSME Sector
- 5 Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme
- 6 RBI’s Surplus Transfer: A Catalyst for India’s Economic Growth
- 7 RBI’s Digital Lending Directions 2025
- 8 RBI Recognises FIMMDA as SRO
- 9 MSP for Jute
- 10 Expansion of the Credit Guarantee Scheme for Startups
