PM Narendra Modi said that RBI has also taken many steps keeping in mind the common Indian. The two schemes launched today will expand the scope of investment in the country and make it easier, more convenient for investors to access capital markets.
Prime Minister Narendra Modi (PM Narendra Modi launches RBI Scheme) on Friday launched two schemes of Reserve Bank of India (RBI) through video conferencing. The introduction of Retail Direct Scheme and Integrated Ombudsman Scheme will open the way for retail investors to invest directly in securities issued by Government of India and State Governments.
Initiating these schemes, PM Modi said that in this challenging period of Corona, the Finance Ministry, RBI and other financial institutions have done a commendable job. I am confident that RBI will live up to the expectations of the country. In the last 6-7 years, the central government has worked to fulfill the aspirations of the common Indian.
2 What will be the benefit of the new schemes
PM Narendra Modi said, ‘RBI has also taken many steps keeping in mind the common Indian. The two schemes launched today will expand the scope of investment in the country and make it easier, more convenient for investors to access capital markets. “In the Retail Direct scheme, small investors of our country have found a safe and easy way to invest in government securities,” he said.
