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 Crore Incentive for UPI Ecosystem
Mint Mumbai
|March 20, 2025
Approvals also accorded for new fertilizer plant, highway, and revised dairy schemes
The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday cleared projects worth ₹22,791 crore for the continuation of the Centre's UPI incentive, building a new urea plant in Assam as well as a new highway to boost port connectivity in Maharashtra, and development of dairy farming.
Union Minister of Information and Broadcasting Ashwini Vaishnaw announced a ₹1,500-crore Digital India Incentive for the Unified Payments Interface.
This would provide a 0.15% incentive to industry participants for UPI transactions of less than ₹2,000 from customers to small merchants for FY25.
"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," a Cabinet statement said. P2M refers to person-to-merchant transactions.
यह कहानी Mint Mumbai 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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