In order to provide Gold
easily to jewelers, interest rates on gold loans can be reduced and
there is a possibility of importing gold on lease. The Prime
Minister's Office has recommended this to the Finance Ministry.
According to sources, the
proposal sent by the Prime Minister's Office to the Finance Ministry
has recommended that interest rates on Gold loans should be low, not
to charge premium on gold loan, to provide a Gold Loan for a longer
period and Gold on Lease Allow importing. According to the PMO,
allowing the import of gold on lease will not be required to pay the
full price of gold and there will be a significant reduction in
current account deficit. Explain that jewellers take a gold loan from
the bank. At present, gold lends 2 to 4 per cent interest on loan.
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