Government may not mobilise Rs 15k crore from gold bond plan

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Government is unlikely to mobilise Rs 15,000 crore from sovereign gold bond scheme, even as its second tranche was launched on Monday. Raising Rs 15,000 crore from gold bond scheme by March end seems to be a difficult target, official sources said.

As per the second half borrowing programme issued by Reserve Bank in consultation with government, Rs 15,000 crore had to be raised through gold bonds.

The fund raised from gold bonds would be part of the market borrowing programme in addition to Rs 2.34 lakh crore to be raised through dated securities during October-March period of the current fiscal.     

Daily Pioneer
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