The Critical Review of Gold Monetisation Scheme and Sovereign Gold Bond Scheme

Abstract

The Government of India launched two Gold schemes in the month of November 2015 to reduce the physical demand for gold and to mobilize the idle gold and put into productive use. This paper is a systematic attempt to study the purpose, differences, progress and challenges faced in the execution of the two gold schemes namely Gold Monetisation Scheme and Sovereign Gold bond Scheme launched by Government of India. The paper is based on issues and challenges faced by government since its introduction.