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| It was launched by Prime Minister Narendra Modi on 5 November 2015. |
| Ministry: Ministry of Finance Nirmala Sitharaman is the Minister of Finance and Minister of Corporate Affairs |
| Key Person: Nirmala Sitharaman |
| About The basic idea behind the scheme is to mobilize the gold held by households, trusts and various institutions in India and put it into productive use. |
| The scheme allows banks' customers to deposit their idle gold holdings for a fixed period in return for interest in the range of 2.25-2.50 per cent. |
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