Banks are now in talks with institutions and temples to popularise the gold monetisation scheme. The Economic Affairs department will review the progress on December 1,” the official added.
The scheme, launched by Prime Minister Narendra Modi on November 5, has received a “slow response”, according to the ministry.
Out of the 20,000 tonnes of gold worth over Rs 52 lakh crore lying idle with households and institutions, the scheme has been able to garner only 400 gm of physical gold till November 18.
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