While rural demand has shown resilience in the first half of the fiscal year, urban demand appears to have moderated slightly due to softer consumer sentiments, less footfall caused by unusually heavy rainfall, and seasonal periods where purchases are typically restrained
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According to the Ministry's statement, the scheme’s success is due to the concerted efforts of all banks and State Level Bankers' Committees (SLBCs) and Union Territory Level Bankers' Committees (UTLBCs).
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In the last five months (April-August), the total transaction value has surged to an impressive Rs 101 lakh crore
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Several key indicators point to a strengthening of the economic landscape, supported by goods and services tax (GST) collections, vibrant sectoral performances, and favourable external and fiscal conditions
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