India, March 19 -- The Government of India issued the following news release:
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25 in the following manner:
* 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.
* Only the UPI (P2M) transactions upto 2,000/- for Small Merchants are covered under the scheme.
Table Omitted (The document can be viewed at https://pib.gov.in/PressReleasePage.aspx?PRID=2112771 )
Disclaimer: Curated by HT Syndication....