Government gold schemes fail to shine

Lack of awareness about a slew of government floated schemes have witnessed a little success in the last few years, revealed a study.

The study was conducted by the Institute for Financial Management and Research (IFMR) and funded by India Gold Policy Centre (IGPC) of the Indian Institute of Management Ahmedabad (IIM-A).

Several gold schemes by the government, such as Sovereign Gold Bond Scheme, Gold Coin Scheme and Monetisation Scheme received a thin response from the investors. 

During the survey, the researchers recorded responses of 1,000 people across four districts, such as Kolhapur in Maharashtra, Coimbatore in Tamil Nadu, Hooghly in West Bengal and Saharanpur in Uttar Pradesh, told Professor Arvind Sahay, head of IGPC.

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