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Retail direct, integrated ombudsman scheme will make country stronger: Modi

Through retail direct, an individual investor can directly invest in G-secs, in a system facilitated by the RBI, without any fees, and without the need for a fund manager

Narendra Modi
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PM Narendra Modi (Photo: ANI)

Anup RoySubrata Panda
Prime Minister Narendra Modi on Friday launched the Reserve Bank of India’s (RBI's) ‘retail direct’ platform and ‘integrated ombudsman scheme’. While doing so, he said this will ensure safety of the common man’s investment, coupled with stable returns.

The Prime Minister also added that this will make funds available for the government to invest in infrastructure and other needs of the country. 

Through a retail direct scheme, an individual investor can directly invest in government securities (G-sec) without any fees, and without the need for a fund manager.

Since they are government-guaranteed and the highest asset class that a sovereign can offer, the

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