Brief by Shorts91NewsDesk / 04:48am on 26 Feb 2025,Wednesday India Global
President Trump announced a new gold card visa program, aimed at wealthy immigrants, which could disrupt Indian applicants seeking U.S. green cards via the EB-5 route. The gold card, costing $5 million, will offer a pathway to U.S. citizenship, promoting job creation and high economic contributions. This scheme will replace the EB-5 visa, which currently requires a lower investment of $1.05 million for applicants to obtain green cards by funding businesses and creating jobs. Critics, like immigration reform advocate Ajay Bhutoria, argue the scheme unfairly prioritizes the ultra-wealthy while ignoring skilled workers trapped in decades-long green card backlogs.
