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FinMin launches ₹1,500 cr Incentive Scheme to Boost Low-Value BHIM-UPI Transactions for FY 2024-25

Update / Judgement Date

23 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Consumer Protection ActFinancial ManagementRBI

The Finance Ministry has launched an incentive scheme to boost low-value BHIM UPI transactions for FY 2024-25. This move aims to promote the adoption of digital payments. The scheme reflects the government's focus on fostering a cashless economy. This initiative highlights the government's efforts to incentivize digital transactions. The move will enhance the accessibility of digital payments.