Budget 2026: Gold Loan Borrowers Alert! Big Announcements Expected
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News18•18-01-2026, 10:52
Budget 2026: Gold Loan Borrowers Alert! Big Announcements Expected
- •Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2026, with potential significant announcements for gold loans.
- •The gold loan industry seeks Priority Sector Lending (PSL) status for NBFCs, similar to banks, to lower borrowing costs for customers.
- •A 'Gold Credit Line' via UPI is anticipated, allowing instant fund access against pledged gold, benefiting people in remote areas.
- •NBFCs are requesting increased single-counterparty exposure limits to 20% of Tier-1 capital, citing gold loans' secured nature and low default risk.
- •These changes aim to make gold loans cheaper, more accessible, and increase liquidity, especially for middle and lower-income groups.
Why It Matters: Budget 2026 may bring significant reforms to gold loans, making them cheaper and more accessible through NBFCs and UPI.
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