Explanation – The primary objective of the Reserve Bank of India’s (RBI) Retail Direct Scheme is to enable individual investors to directly invest in Government Securities without intermediaries. The Retail Direct Scheme was introduced to provide a platform for individual investors to directly access and invest in Government Securities (G-Secs), including treasury bills and government bonds. By allowing direct participation, the scheme aims to broaden the investor base and enhance retail participation in the government securities market, while also providing a safe and secure investment avenue for individuals.

Source: The Hindu