10 hours ago | National

Cabinet approves incentive scheme for promotion of low-value BHIM-UPI transactions

The government today approved an incentive scheme for the promotion of low-value BHIM-UPI transactions. The scheme will be implemented at an estimated outlay of one thousand 500 crore rupees. Briefing media in New Delhi today on the decisions of the Union Cabinet, Information and Broadcasting Minister Ashwini Vaishnaw said, the scheme will enable small merchants to avail of UPI services at no additional cost. He said an incentive at the rate of 0.15 percent per transaction value will be provided...