According to the latest monthly data by the Reserve Bank of India (RBI), the priority sector loans to micro and small enterprises (MSEs) by scheduled commercial banks saw an 11.2% year-on-year growth in December 2022.

Pension Fund Regulatory and Development Authority has informed that the Atal Pension Yojana (APY), the flagship social security scheme of the Government of India has crossed the landmark 5 crores of enrolments recently.

As per a report by SBI, Emergency Credit Line Guarantee Scheme (ECLGS) by the Government for Micro, Small and Medium Enterprises (MSMEs) and other businesses has been able to save about 14.6 lakh MSME loan accounts.

As per the RBI data, the credit of banks to the retail and wholesale trade registered a 16% year-on-year increase in November 2022.

Prime Minister Mr. Narendra Modi said that the BJP government's attempts to replace "phone banking" prior to 2014 with "digital banking" are to be credited for India's continued economic progress.