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13 January 2023

Big boost to Digital India! Govt approves Rs 2,600cr incentive scheme for RuPay, BHIM-UPI transactions

In a big boost to Digital India initiative, the Centre has approved has approved an incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022. The decision to approve Rs 2,600 crore scheme was taken during a Cabinet meeting chaired by Prime Minister Narendra Modi. 

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