INDRA-JEWELLERY 2 LST(BCM10)

The Gold Savings Scheme contributed 15-30 per cent of The Gold Savings Scheme contributed 15-30 per cent ofthe revenues for the organised jewellers prior to 2014 when itwas closed by the government. Although the government resumed the scheme in 2015,the maximum collectible amount was capped at 25 per cent ofthe net worth. Further, the rating agency said organised jewellersalso face an overhang of the impending GST Bill. "We expect any increase on account of higher GST to bepassed on to the end consumer, which may impact non-weddingsegment demand and prompt customers to opt for the unorganisedsector," it opined. PTI SM ARS MKJRDS