Rs 2,000 crore UPI subsidy is policy-linked; gaps will be bridged if needed: DFS Secretary

The government’s allocation of Rs 2,000 crore as subsidy support for UPI payments is aligned with existing policy, and any future shortfall will be addressed as required, said M Nagaraju, Secretary, Department of Financial Services (DFS), in an exclusive interaction with TNIE.

He indicated that the government remains open to recalibrating the subsidy or even revisiting the question of making certain UPI transactions chargeable, depending on evolving policy needs.