Gold Monetization Scheme, Curbing Gold Imports

Monetising of Gold! Can u all input the views.. How it is useful in gearing up economy?

 The Union Finance Minister Shri Arun Jaitley has announced several steps for monetizing gold in Budget 2015. These are;
 Gold Deposit Scheme – Govt proposes to introduce ‘Gold Monetisation Scheme’ (Gold Deposit Scheme). This scheme will replace the existing Gold Deposit and Gold Metal Loan Schemes.
 Sovereign Gold Bond – The Finance Minister also announced the development of an alternate financial asset, a Sovereign Gold Bond, as an alternative to purchasing metal gold.
 Gold coins with Ashok Chakra – Government will also introduce Indian Gold Coin, which will carry the Ashok Chakra on its face. This may help in reducing the demand for coins minted outside India and also help to recycle the gold available in the country.