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ITNewspapersThe New Indian Express

Cabinet approves Rs 1,500 crore incentive scheme to promote small-value BHIM-UPI transactions

Binu Mathew
By Binu MathewMarch 20, 2025

BENGALURU: The Union Cabinet on Wednesday approved the Rs 1,500-crore incentive scheme to promote BHIM-UPI transactions below Rs 2,000 for financial year 2024-25.

The incentive will be provided at the rate of 0.15% per transaction value for transactions up to Rs 2,000 pertaining to the category of small merchants, an official statement said.

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