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SIDDHIVINAYAK TEMPLE COMMITS 40 KG GOLD TO MODI’S PET SCHEME


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Struggling Gold Monetisation Scheme receives Lord Ganesha's blessings

While earning Siddhivinayak nearly Rs 69 lakh in annual interest, it could also spur temple trusts of the likes of Tirumala and Shirdi to follow suit.

The Siddhivinayak temple - one of India's richest shrines - has decided to move 40 kg of its gold reserves to the government-sponsored Gold Monetisation Scheme. 

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The temple's gold pledge is the first big-ticket deposit under the Gold Monetisation Scheme and could spur more temple trusts of the likes of Tirumala and Shirdi to follow suit.

Sanjeev Patil, chief executive officer of the temple trust, said: "In principle it has been agreed by the trust members to apply with the state government for getting approvals to melt the 40 kg gold in government mint." He said the interest earned from the gold deposits will be used to fund medical aide facilities for economically backward patients. 

 

http://www.mumbaimirror.com/mumbai/cover-story/Siddhivinayak-temple-commits-40-kg-gold-to-Modis-pet-scheme/articleshow/50100005.cms

 

Hope TTD / Shirdi and other temples contribute to make this scheme more successful...

 

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