<h1>India's Sovereign Gold Bond and Monetisation Schemes Aim to Reduce Gold Imports; Mobilize Over 19,000 Kg Gold by 2016.</h1> The Indian government introduced the Sovereign Gold Bond Scheme and Gold Monetisation Scheme in November 2015 to reduce reliance on gold imports and curb the demand for physical gold. By November 2016, the Gold Monetisation Scheme had mobilized 5,730 kilograms of gold, while the Sovereign Gold Bonds had seen subscriptions totaling 14,071 kilograms, valued at Rs. 4,127 crore. Despite the lack of precise data on public and private gold holdings, estimates suggest over 20,000 tonnes are held by households and institutions. To promote these schemes, the government initiated a media campaign and implemented changes based on stakeholder feedback.