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PM Narendra Modi to launch RBI retail direct scheme on Friday

RBI Governor Shaktikanta Das had first flagged this initiative in a February policy review while calling it a "major structural reform"

Topics
Narendra Modi | RBI | Retail investors

Bloomberg 

Narendra Modi
Prime Minister Narendra Modi

India is set to open up its sovereign bond market to individual buyers on Friday as it seeks to widen the investor base to fund the government’s massive borrowing programme.

Prime Minister will launch the so-called ‘Retail Direct Scheme’ for investors on Friday, the Reserve Bank of India said.

can open and maintain their government securities account with the free of cost, it said.

Governor Shaktikanta Das had first flagged this initiative in a February policy review while calling it a “major structural reform”.

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First Published: Thu, November 11 2021. 02:14 IST
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