Modi Yojana

Gold monetization scheme is nothing but an interest profiteering scheme for the people of India. Where they can put their gold in a bank and earn some interest in return for it. Basically, this scheme is introduced for monetization of the gold in the country. Usually, people keep their gold in bank lockers and they don’t earn something from it. Therefore, the government launched this scheme to reduce the gold import pressure. This particular scheme will replace the Gold Deposit Scheme (1999) and Gold Metal Loan Scheme. People showed very less interest in above mentioned old schemes. Now the government has to wait for how people respond to this scheme.

Gold Monetisation Yojana Scheme Info

Government Gold Saving Scheme will benefit to those who have gold as a reserve asset and they can not use it anymore. The interest is set at 2.25 to 2.50 per annum. The customers will get that much of interest on the total amount of gold.

gold monetization yojana

The scheme would allow people to invest in three different methods.

Short term deposit (1-3 years)
Medium-term deposit (5-7 years)
Long-term deposit (12 to 15 years)

Short term investment would allow bank to open the account in their own facility whereas the medium term and long-term deposit would be accepted by banks on behalf of the government of India based upon the official notification of Reserve Bank of India.

How To Apply for GOLD Monetization Yojana

Individuals willing to open a gold deposit account will have to do so with a scheduled bank listed under RBI. The nature of account is similar to any other savings account. Once a customer completes the KYC form filling process, beneficiaries need to approach the Purity Verification Centres suggested by the bank while opening an account

thing to consider while applying online for gold monetization scheme.

GMC Gold Verification

Purity verification and Deposit of Gold: Available in almost every state, currently there are 350 purity testing centres in the country. These centres conduct a few tests on the gold given by the beneficiary, then they melt the gold after verifying and conducting several tests. Finally, they give a certificate to the customer for further process. The certificate comprises total amount and quantity of the gold given by the customer.

GMC Gold Savings Account

Opening of gold saving account: Once the beneficiary produces the certificate given by the purity testing centers, a bank has an authority to open a Gold Saving Account of the particular customer. Then the bank will give interest after a month or two of opening an account according to the norms set as per rule of The Government of India. The credit of the gold will be deposited in the account of the beneficiary.

The beneficiary is entitled to receive the amount as per the rates on that particular date either in cash or in gold at the closure of the plan.

It is necessary to remember that gold deposited by the customer will convert in either coins or bars of gold, they will not get the same on the completion of the scheme.

Ayushman Yojana Bharat Sarkar (Translation: Long Live India) Yojana, Finance Minister Arun Jaitley launched this scheme in budget 2018-2019. He stated “the government is concerned about the impoverishment of poor and vulnerable families” while announcing the National Health Protection Scheme. The scheme will cover around 10 crores or more people. World’s largest government funded healthcare program Ayushman Yojana will cover up to 5 lakh a family per year per family for secondary or triennial care hospitalization. This scheme is little similar to the scheme that exists in Gujarat i.e. Mukhyamantri Amrutam MAA yojana in which beneficiaries can avail up to 3 lakh or cashless facility of the same amount in certified hospitals.

Ayushman Yojana Online Info

Ayushman Bharat Yojana is basically divided into two initiatives viz. HELATH & WELLNESS CENTRES and NATIONAL HEALTH PROTECTION SCHEME. National Health Protection Scheme will cover up to 5 lakhs of health expense per family per year. The government will establish health and wellness centres. These centres will provide complete health care including the followings.

maternal health services

child health services

free drugs

diagnostic services.

This scheme Ayushman Bharat Yojana also publicly known as MODI care scheme will be advantageous for around 10 crores poor people i.e. almost more than 35% of the country’s population. The total expense of this scheme will use the amount recovered from the people of the country as Education and Health Cess, that is approximated as 10000+ crores. Government will provide about 1200 crores for implementation of this scheme to establish 1.5 Lakh healthcare centres. The scheme will be totally cashless, braking the ‘rumours’ that “people will have to pay first then they can claim”.

The Finance Minister further said, that these two health sector initiatives under Ayushman Bharat Programme will build a New India 2022 and ensure enhanced productivity, well being and avert wage loss and impoverishment. These Schemes will also generate lakhs of jobs, particularly for women.

The government will provide cashless services up to 5 lakh rupees so that there is no chance for any corruption or any illegal activity in the scheme. As the scheme is cashless, funds will be directly transferred to the hospital and not the individual. For further implementation, Finance Minister Arun Jaitley said that the government will establish 24 new medical college in the country for smoother operation of the scheme. This will result in state wise medical facility i.e. one medical college for every 3 parliamentary constituencies.

Ayushman Bharat Yojana How to apply Online Application Form Download

There has been lots of queries regarding when we can update our data or apply online for ayushman bharat scheme. Well, this scheme will be online on June-july 2018 onwards. Official website of ayushman yojana has not been announced yet but we will update here surely when it does. Follow this page regularly and share it with your friends and family to get updated and secured.

Ayushman Yojana 2018 Jankari Information Benefits

The government of India released the official notification on 1^st February 2018 via government agency Press Information Bureau.
As we have covered almost every information for the scheme. Still, if anyone wants to read the official notification they can visit the link below for further information. http://pib.nic.in/newsite/PrintRelease.aspx?relid=176049

The government will launch the scheme registration facility via official website as a part of Digital India campaign, because online process will be easy for beneficiaries.

The launch of the official website is expected in August 2018. The process for the scheme establishment has already started.

The functioning of the scheme will emphasize not only Government Hospitals but also Private and Granted Hospitals around every corner of the country.

However, larger part of the country is curious for the initiation of the scheme for better care of their family. Please share our website for more updates and features like this. If you’re looking for Modi Insurance Scheme then follow the link.

Gold Monetization Scheme Details Online | Interest Rates | Guideline