मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Cabinet Clears ₹1,500 cr Incentive for UPI Industry
Hindustan Times Lucknow
|March 20, 2025
It will provide 0.15% incentive for UPI payments under ₹2k to small merchants
NEW DELHI/MUMBAI: A ₹1,500-crore incentive scheme to promote low-value Unified Payments Interface (UPI) transactions was among several key projects that the Union cabinet chaired by Prime Minister Narendra Modi cleared on Wednesday.
Under the Digital India Incentive scheme, the government would provide a 0.15% incentive to industry participants for UPI transactions of less than ₹2,000 from customers to small merchants for FY25, Union Minister of Information and Broadcasting Ashwini Vaishnaw said.
This means that banks and app service providers facilitating UPI payments under ₹2,000 for small merchants will continue to receive incentives to facilitate the homegrown digital payments mechanism.
"The incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) will be implemented at an estimated outlay of ₹1,500 crore, from 01.04.2024 to 31.03.2025," the government said in a statement. P2M refers to person-to-merchant transactions.
यह कहानी Hindustan Times Lucknow के March 20, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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