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<h1>Rajiv Gandhi Equity Savings Scheme expansion proposed to permit mutual fund equity schemes, subject to departmental examination.</h1> The Finance Minister welcomes SEBI measures to promote household investment in mutual funds and other financial instruments, encourages savings in financial instruments rather than gold, and notes stakeholder support. Additional suggestions are under Government and SEBI examination with a further Board meeting planned. SEBI recommends expanding the Rajiv Gandhi Equity Savings Scheme to permit mutual fund equity schemes holding allowed RGESS securities as underlying, and the Department of Economic Affairs has been asked to examine that recommendation for an early decision.