1 week ago

Tamil Nadu Gold Ring Scheme Costs ₹220 Crore Initially

Tamil Nadu Gold Ring Scheme Costs ₹220 Crore Initially
How much will CM Vijay’s gold ring scheme for newborns actually cost Tamil Nadu exchequer · livemint.com

Tamil Nadu plans to give a small gold ring to babies born in government hospitals.

Each ring will contain one gram of 22-carat gold.

The first order includes 1,28,499 rings and is expected to cost about ₹220 crore.

The government has set aside ₹755.83 crore for the scheme for one year.

The final amount can change because gold prices change.

Joyalukkas will provide 70% of the first order, while Kalyan Jewellers will provide 30%.

The government says the rings celebrate babies and mothers and encourage families to choose government hospitals.

Some opposition parties are questioning how the companies were selected and why the medical services corporation is buying jewellery.

The formal launch is scheduled for September 15.

Key facts

Scheme name
Thaimaman Thanga Mothiram Thittam, also called the Maternal Uncle Gold Ring Scheme
Ring specification
One gram of 22-carat gold per ring
Initial order
1,28,499 rings
Initial estimated cost
Approximately ₹220 crore, subject to prevailing gold prices
Annual provision
₹755.83 crore for 4,41,667 rings
Supplier allocation
Joyalukkas: 89,949 rings, or 70%; Kalyan Jewellers: 38,550 rings, or 30%
Service charge
Joyalukkas quoted ₹0.01 per ring, excluding the gold price, for additional costs including processing, insurance, transportation, and BIS stamping
Launch date
September 15, 2026

Quotes

Tamil Nadu government order

Official government order describing the cultural purpose of the newborn gold ring scheme

“The Thaimaman Gold Ring Scheme is being implemented to strengthen the people’s trust in the healthcare services of the Tamil Nadu government, commemorate the birth of a child born in government hospitals, and to celebrate the joy and importance of motherhood.”
financialexpress.com
“The one-gram gold ring to newborns delivered in government institutions is a token of appreciation and remembrance, commemorating the birth of the child and celebrating the joy and significance of motherhood through the Thaimaaman Thanga Mothiram Thittam.”
livemint.com

Sources

Related news