GJ trade eye to deal with Digital India!

According to the Gem & Jewellery (GJ) industry & trade wish list, the jewellery trade wishes to trade

Ashoka Chakra Gold Coins. The Indian government has mandated MMTC Ltd for the coin. The Ashoka Chakra Gold coins launched by Honorable PM is a pride to our nation.

The GJ fraternity wishes that the Government to enable jewellers to sell these Gold coins through their retail stores. This will increase the reach and generate more sales of the coins.

On the other hand it is true that, GJ Trade & industry is full of MSEs. The majority of the Gems & Jewellery sector falls under the MSME category and availing loan has become a key concern for the jewellers, with the rise in Gold price, it is essential to increase the limit of the collateral free gold loan, which will simply help in developing the business across the nation. Collateral free loan!

In the row, GJ fraternity also wishes to play a pivotal role in Honorable PM’s dream project Digital India. The use of non-cash transaction has been on a rise due to technological development and access to various banking facilities across the nation. However, in case of GJ sector, in retail sales to customers, Banks charges commission of approx 1-2.5% whenever the credit card is swiped. This charge makes the jewellery costlier to the customer! Better find out the way to eliminate such cost.

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