PM Modi to launch RBI Direct Scheme on Nov 12: Check how it’ll enable retail investments in G-Secs
Zee News
RBI Retail Direct Scheme will enable retail investors to invest in government securities.
New Delhi: Prime Minister Narendra Modi, on November 12 (Friday), is all set to launch the ‘RBI Retail Direct Scheme’ to allow retail investors to invest easily in government securities. Using the scheme, retail investors will be able to directly invest in government securities, which were only open for select investors such as bank and institutional investors till now.
RBI Direct Scheme
The Reserve Bank of India (RBI) had first announced the RBI Retail Direct in February 2021. At that time, it was proposed that investors should be able to invest via government securities account (gilt accounts) to promote retail investments in government securities. At that time, RBI Governor Shaktikanta Das had called the initiative a “major structural reform".
