A demat account works like a bank where purchased shares are deposited and from shares sold are taken. With this demat account, businessmen can invest in shares and bonds in the name of god. A certain portion of the profit will go to the temple, News18 reported.
"This government scheme is good for us as we get donations through cheques or cash. But now, the profits of share will directly be transferred to the temple's demat account," Rupesh Vyas, a priest said.
According to the news channel, the scheme has been made available at state-run temples to allow devotees to make offerings in the form of bonds and shares. "A person may not have cash at the moment, but he may have a particular kind of bond he may want to offer to his god", said Madhya Pradesh Religious Endowment Minister Yashodhara Raje Scindia (pictured above).
Besides the Mahakal Shiv temple, the Khajrana Ganesh temple and the Ranjit Hanuman temple are also likely to open such accounts. Those who live abroad, too, can also avail this scheme.
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