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https://www.icicibank.com/corporate/forex-treasury-ser/gold-metal-loan/index.page
Gold Metal Loan (GML) is a mechanism under which a jewellery manufacturer borrows gold metal instead of rupees and settles the GML with the sale proceeds obtained. GML can be availed for 180 days in case of domestic jewellery manufacturers and for 270 days in case of exports. Gems and Jewellery is one of the key industries in Indian market and ICICI Bank is one of the oldest key player nominated by …
https://www.magzter.com/stories/Fashion/The-Art-of-Jewellery/Certain-amendments-will-make-Gold-Metal-Loan-a-robust-financial-product
Gold Metal Loan (GML) is a mechanism under which a jewellery manufacturer borrows gold metal instead of rupees and settles the GML with the sale proceeds obtained. GML can be availed for 180 days in case of domestic jewellery manufacturers and for 270 days in case of exports.
https://bankingschool.co.in/loans-and-advances/how-gold-metal-loans-are-sanctioned-to-jewellers/
Jun 24, 2021 · Gold (Metal) Loans can be sanctioned only to gold jewellers, who are themselves manufacturers of gold jewellery. The jewelers who have borrowed under GML scheme cannot sell the gold to any other party to manufacture jewellery. The Loans provided by banks for the domestic jewellery manufacturers should not exceed 90 days.
https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=2499
Sep 05, 2005 · It has been decided that, in order to liberalise the scheme further, banks nominated to import gold as per extant instructions may extend Gold (Metal) Loans to domestic jewellery manufacturers, who are not exporters of jewellery, subject to the condition that any gold loan borrowing / or other non funded commitments taken by them for the purpose of providing gold loans to domestic jewellery …
https://www.timesnownews.com/business-economy/industry/article/now-gold-metal-loans-can-be-repaid-with-physical-gold/775750
Jun 25, 2021 · The banking regulator came out with a notification on Wednesday evening that says gold (metal) loans can be repaid in physical gold as well. Until now, banks that were authorised to import gold or were participating in the gold monetisation scheme, were allowed to extend gold metal loans to jewellery manufacturers and jewellery exporters.
https://m.economictimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/gold-traders-write-to-finance-ministry-to-increase-settlement-period-of-gold-metal-loan/articleshow/83144400.cms
Jun 01, 2021 · GML is a mechanism under which a jewellery manufacturer borrows gold metal instead of rupees and settles it with the sale proceeds. Gold traders have urged the Union finance ministry to increase the settlement period of gold metal loan (GML) from 180 days to 270 days as applicable to exporters, following almost no sales in April and May owing to lockdown and local restrictions amid …
https://m.economictimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/jewellers-can-now-repay-part-of-gold-loan-in-physical-gold/articleshow/83786876.cms
Jun 23, 2021 · The RBI on Wednesday asked banks to provide an option to jewellery exporters and domestic manufacturers of gold jewellery to repay a part of Gold (Metal) Loans (GML) in physical gold. As per the extant instructions, banks authorised to import gold and designated banks participating in Gold Monetisation Scheme, 2015 can extend GML to jewellery exporters or domestic manufacturers of gold jewellery.
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https://www.youtube.com/watch?v=2x5aViE1dVQ
Aug 16, 2011 · Watch more How to Make Jewelry videos: http://www.howcast.com/videos/475975-How-to-Cut-Designs-in-Metal-Jewelry-MakingCourtney Gray: Welcome to Creative Side...Author: HowcastArtsRec
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