$5 Million Trump Gold Card: As we all know, if any country  has the toughest immigration rules in the world, then it is America. Immigration to America is quite troublesome. However, most people go to America to settle down. In such a situation, not only for employment but also for education and better living standards, people dream of settling in America.

Every year, millions of people apply to get permanent residence in America, out of which the dream of some people is also fulfilled very easily. But let us tell you that recently US President Donald Trump has implemented a new immigration policy. Under this new immigration policy, he has launched a Golden Residency Program called Trump Card.

$5 Million Trump Gold Card For US Residency

This Trump Card launched by US President Trump is going to be Rs 41.5 crore per person i.e. 5 million dollars. By purchasing it, any person can easily reside permanently in America. Yes, before this no special program like the Golden Residency Program was conducted. 

However, to settle abroad, people had to prove their financial status and also had to explain how they can prove beneficial for America. But looking at the rich citizens, America has decided to launch this scheme, due to which American citizenship can be obtained without the hassle of long visa process and compliance.

For the information of the readers, let us tell you that in the traditional eb5 visa scheme, along with investment, there were some employment generation conditions for American citizens. Which means, if a person wants to apply for an EB 5 visa, then he will have to invest to some extent in the business of America and he will also have to guarantee that when he starts his business in America, he will definitely give employment to American citizens. But there is no such obligation in the Trump Card. Here any person can get a Trump Card by paying Rs 41.5 crore i.e. 5 million dollars and can settle in America without any conditions.

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what is Trump Card and why it has been launched?

Power has changed once again in America. Now Donald Trump is in power in America. As soon as Donald Trump took power in America, he decided to implement the America First policy. In the America First policy, he is giving importance to America everywhere. Exiting immigrants from America, implementing reverse reciprocal tariffs on other countries, adopting a strict policy with foreign countries, changing the rules of import and export, even changing the visa rules.

Although Trump is being criticized at many places due to these policies, America is directly benefiting from these policies of Trump. To capitalize on this benefit even more, Donald Trump has now decided to implement an investment based immigration scheme in which any person can become a permanent resident of America with the payment of 5 million US dollars. The Trump administration has named this Gold Card and Trump Card.

 What is the objective of the Trump Card scheme?

• The main objective of this Trump Card issued by the US government is to attract direct foreign investment in the American economy.
• At the same time, the shortcomings of the traditional eb5 visa program are to be removed.
• Earlier, in ev5 visa, visas were given to applicants only after fulfilling various conditions, but now there is no need to fulfill any such condition, rather by paying money, any person can easily get permanent residence in America.
• Due to this policy, more and more rich people will be attracted to America, which will directly benefit America economically.
• Along with this, the national debt taken by America can also be reduced.

What is the purpose of the Trump Card scheme?

• The main purpose of this Trump card issued by the US government is to attract direct foreign investment in the American economy.
• At the same time, the shortcomings of the traditional eb5 visa program are to be removed.
• Earlier, in ev5 visa, where applicants were given visa only after fulfilling various conditions, now there is no need to fulfill any such condition, rather by paying money, any person can easily get permanent residence in America.
• Due to this policy, more and more rich people will be attracted to America, which will directly benefit America economically.
• At the same time, the national debt taken by America can also be reduced.

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What are the benefits of this Trump Gold Card Scheme?

• Due to this scheme, now American citizens of different countries will get green card. Due to this scheme, more and more rich people will now be able to get American citizenship, as well as your requirement of eb5 visa will end.
• Those who take the Trump cards will also be able to take advantage of various exemptions like tax and immigration of America.
•  Trump card holders will be seen as entrepreneurs in America because they will prove to be a very big investor.
• This decision will have a direct impact on America because there is a possibility of America getting trillion dollar direct investment due to this.
• Without increasing the tax of American citizens, America will have a lot of money due to this scheme, due to which America will be able to pay its national debt.
• At the same time, big rich people from all over the world will come forward to settle in America, due to which all the businesses of America will not go.

What will be the impact of this decision of America on India?

• Due to this decision taken by the American government, the Indian government as well as Indian citizens will have to face adverse effects because till now the dream of settling in America was not so expensive but the Trump card will cost 5 million dollars.
• At the same time, due to this decision, the US government is now refusing to give visa to middle class H1B visa holders, students and professionals.
•  Recently, America has refused to give H4 visas to the family members of Indian people working in America.
• Along with this, the big rich industrialists of India will now adopt America’s stance, due to which investment in India may decrease.
• Due to this decision of America, not only the intellectuals of India but also the rich Americans will now start settling in America, which can cause economic loss to India.
• Apart from this, Indians who are already facing a long backlog in EB5 may have to wait longer.

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Conclusion

Overall, this Trump Card scheme is a special immigration scheme which will make America economically strong but for India it is going to prove to be a very troublesome scheme. However, America is also facing a lot of criticism due to this, the American people themselves are seen against this scheme. At the same time, questions are also being raised on the President of America that he is giving priority to rich people only, due to which Trump is also facing criticism.