India, Feb. 26 -- US President Donald Trump on Tuesday announced the introduction of the Gold Card scheme which will provide rich and wealthy immigrants a chance to easily gain American citizenship by paying a fee of USD 5 million.

"We're going to be selling a gold card," Trump was quoted as saying by CNN.

Trump said the sale of such cards will begin in nearly two weeks.

Commerce Secretary Howard Lutnick said the new card will replace the government's EB-5 immigrant investor visa program.

The US Citizenship and Immigration Services runs the EB-5 Programme of the US government.

Make the necessary investment in a commercial enterprise in the United States; and Plan to create or preserve 10 permanent full-time jobs for qualified U.S. wo...