<ul><li>The Union Cabinet has approved a new incentive scheme worth Rs 1,500 crore to boost low-value BHIM-UPI transactions.</li><li>The scheme focuses on supporting small merchants by allowing them to accept digital payments without extra costs.</li><li>The initiative aims to make digital payments more accessible for small businesses in rural and semi-urban areas.</li><li>The government has set a target of reaching a total UPI transaction volume of Rs 20,000 crore in the 2024-25 fiscal year.</li></ul>

Cabinet approves Rs 1,500 crore incentive scheme to boost low-value UPI transactions

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