INCOME TAX28 Sept 2026
Tamil Nadu gold ring scheme launches today: How much gold will newborns get, process to claim it | Mint
Tamil Nadu launched its gold ring scheme for newborns on 28 September. The Chief Minister handed 22-carat, one-gram gold rings to 25 babies at Madurai's Government Rajaji Hospital. The state has set aside ₹755.83 crore a year and procured 1.28 lakh rings. Each ring comes in tamper-proof packing with a unique serial number.
Key Statutory Highlights
- Tamil Nadu has earmarked ₹755.83 crore annually for the gold ring scheme and procured 1.28 lakh rings for the first distribution.
- Every eligible newborn gets a 22-carat gold ring weighing one gram, handed over in tamper-proof packaging with a unique serial number.
- For babies born on or after 22 June 2026, the government has set up 107 hubs across the state to distribute rings.
Actionable Advice for Taxpayers / Founders:If your baby was born in a government hospital on or after 22 June 2026, keep your discharge papers safe and check with your hospital or the district collector's office about collecting the gold ring.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: