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<h1>Government Gold Schemes Mobilize 6,410 kg and Offer Bonds to Reduce Import Reliance and Current Account Deficit.</h1> The Gold Monetisation Scheme, launched in November 2015, aims to mobilize idle gold from households and institutions, putting it to productive use and reducing reliance on gold imports. By February 2017, 6,410 kilograms of gold had been mobilized. Additionally, the Sovereign Gold Bond Scheme was introduced as an alternative to physical gold purchases, with seven tranches issued to date. These initiatives are part of the government's strategy to address the current account deficit by curbing domestic demand for imported gold. This information was provided by a government official in response to a parliamentary inquiry.