Exporters Need for the Scheme To meet Gold requirements of Domestic Jewellery industry by extending gold on credit.
Interest rate is lower than normal rupee loans.
Eligibility Security Category Limits Maximum Quantity Interest Loan Period Repayment Branches Eligibility 3 years minimum track record in Gold Jewellery Industry. Sales Tax Registration. Interest accumulation in gold weight, converted into Rupees at the prevailing gold rate on date of interest application. The period for which loan is being taken will be indicated by borrower at time of each drawal, thus fixing the date of repayment.