Cupboard okays 1,500 crore incentives to spice up UPI
The Union Cupboard, chaired by Prime Minister Narendra Modi, on Wednesday permitted the inducement scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore. MUMBAI: The Union cupboard on Wednesday permitted an incentive scheme to advertise low-value BHIM-UPI transactions, specializing in funds made to retailers. The Rs 1,500 crore initiative, working from…