Cabinet Approves INR 1,500 Crore Incentive Scheme To Boost Low-Value BHIM-UPI Transactions, Targets 20,000 Crore Total Transaction Volume in FY 2024–25 | 📲 LatestLY

Cabinet Approves INR 1,500 Crore Incentive Scheme To Boost Low-Value BHIM-UPI Transactions, Targets 20,000 Crore Total Transaction Volume in FY 2024–25 | 📲 LatestLY

The Cabinet approved an INR 1,500 crore incentive scheme to boost low-value BHIM-UPI transactions, targeting a total transaction volume of 20,000 crore in FY 2024–25. 📲 Cabinet Approves INR 1,500 Crore Incentive Scheme To Boost Low-Value BHIM-UPI Transactions, Targets 20,000 Crore Total Transaction Volume in FY 2024–25.

Govt approves Rs 1,500 crore incentive to boost small-value UPI payments

The government has approved a Rs 1,500 crore incentive to promote small-value BHIM-UPI (P2M) transactions... The post Govt approves Rs 1,500 crore incentive to boost small-value UPI payments appeared first on .

Government Incentives Insufficient for Long-Term Sustainability of Digital Payments Ecosystem: PCI - Passionate In Marketing

Bengaluru, March 20, 2025: The Payments Council of India (PCI), the representative body of non-bank payment system participants in India, deeply appreciates the role of government incentives to support the adoption of digital payments. However, the PCI emphasizes that sustaining long-term investments in payment processing, customer acquisition, and operational management remains a grave concern. As […] The post Zero MDR Policy, Reduced Govt Ince…

The government today approved an incentive scheme for promoting small amount transactions of BHIM. The implementation of this scheme will start with a proposed project of Rs 1,500 crore. Briefing the media about the cabinet decision in New Delhi today, Information and Broadcasting Minister Ashwini Vaishnoi said that this scheme will help small entrepreneurs to avail the services of UPI without any additional charges. Shri Vaishnoi said that the …

Union Cabinet Approves Rs 1,500 Cr Incentive For UPI Payments

The Union Cabinet approved an incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore for FY 2024-25. The scheme applies to person-to-merchant (P2M) UPI transactions up to Rs 2,000 for small merchants. What conditions must merchants and banks meet? The government aims to provide small merchants with 0.15% per transaction for transactions up to Rs 2,000, however there are no such incentives for large mercha…

Cabinet okays Rs 1,500 crore incentive scheme to boost low value BHIM-UPI transactions - The Rahnuma Daily

Cabinet okays Rs 1,500 crore incentive scheme to boost low value BHIM-UPI transactions New Delhi, March 19 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore. The aim is to achieve the target of 20,000 crore total transaction volume in FY 2024-25, via the indigenous BHIM-UPI platform. The incentive scheme for …