Recently with a view to further mitigating the economic impact of the COVID-19 pandemic on households, entrepreneurs and small businesses, the RBI has decided to increase the permissible loan-to-value ratio (LTV) for loans against pledge of gold ornaments and jewellery for non-agricultural purposes to 90%.
Recent Development
Significance
About Gold Monetisation Scheme
Objective
What Is the Loan-to-Value (LTV) Ratio?
UPSC
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