PM Modi Launches 'Retail Directed Scheme' To Invest In Govt Securities

The Reserve Bank of India's (RBI) Retail Directed Scheme has been launched by PM Narendra Modi on November 12. The scheme allows small individual investors to open Retail Direct Gilt Account' (RDG Account) with RBI. Small investors such as salaried class, pensioners, and retail investors will not get an opportunity to invest in government securities. PM Modi said it was an example of the One Nation, One Ombudsman System.