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Cabinet approves incentives for low-value BHIM-UPI transactions
The Business Guardian
|March 20, 2025
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25.
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The scheme to promote low-value BHIM-UPI transactions will be implemented at an estimated cost of Rs 1,500 crore.
Only the UPI transactions upto Rs 2,000 for small merchants are covered under the scheme.
Incentives at the rate of 0.15 per cent per transaction value will be provided for transactions upto Rs 2,000 pertaining to the category of small merchants.
Cette histoire est tirée de l'édition March 20, 2025 de The Business Guardian.
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