RBI announces Sovereign Gold Bond Scheme 2021-22 Series VI

The Sovereign Gold bond scheme aims to channel domestic savings into a more productive section of the economy through financial markets. Analyze. (150 Words) 

Approach:

• Introduce by briefly describing sovereign gold bond scheme
• Enumerate various provisions of the scheme
• Discuss importance of the scheme and how it channels domestic savings
• Enlist some major limitations of sovereign gold bonds.
• Way Forward / Conclusion