New Delhi, March 19 -- The union cabinet chaired by prime minister Narendra Modi on Wednesday cleared projects worth Rs.22,791 crore for the continuation of the Centre's UPI incentive, building a new urea plant in Assam as well as a new highway to boost port connectivity in Maharashtra, and development of dairy farming.

Union minister of information and broadcasting Ashwini Vaishnaw announced a Rs.1500-crore Digital India Incentive for the Unified Payments Interface.

This would provide a 0.15% incentive to industry participants for UPI transactions of less than Rs.2,000 from customers to small merchants for FY25.

"The incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) will be implemented at an estimated outlay of 1...