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Labour Laws
06/09/20264 min read
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Informative
Cabinet approves Incentive scheme for promotion of low-value BHIM-UPI transactions (P2M)
Update / Judgement Date
20 Mar 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Consumer Protection ActFinancial ManagementRBI
The Cabinet has approved an incentive scheme for the promotion of low-value BHIM UPI transactions. This move aims to encourage the use of digital payments for small transactions. The scheme reflects the government's focus on promoting a cashless economy. This initiative highlights the government's efforts to incentivize digital transactions. The move will enhance the accessibility of digital payments.
