Prime Minister Narendra Modi today launched two customer-centric schemes namely Reserve Bank of India (RBI)- the RBI Retail Direct Scheme and the Reserve Bank – Integrated Ombudsman Scheme. With this development, India has now opened its doors for Government bond market for the retails investors. “With the RBI Retail Direct Scheme, small investors in the country have got a safe medium of investment in government securities,” PM Modi said.
During the launch of the scheme virtually, RBI Governor Shaktikanta Das, and the union Finance Minister Nirmala Sitharaman were also present.
According to the Prime Minister, the two schemes will be paving way to investment in the country and make the access easier for capital markets and offer better security for investors.
“RBI has been leveraging technology & innovation for enhancing the efficiency of it services. RBI’s developmental role is focused on further deepening of financial inclusion and undertaking people centric initiatives”, Das said during the launch of the two schemes.
