Collections under the small savings scheme for senior citizens have surged after the government doubled the limit in the budget, crossing Rs 1 lakh crore in the first half of the fiscal year.
The Senior Citizen Savings Scheme mopup until September 23 this fiscal was two-and-a-half times higher than the Rs 40,000 crore collection during the same period in FY23, a senior finance ministry official said.
Source Name : Economic Times