Reimbursement scheme for RuPay Debit Card, BHIM UPI transactions

GS Paper 3: Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.   Context: The Union Cabinet announced that it has approved a scheme to provide incentives of small amounts for transactions done through the RuPay Debit Card and BHIM UPI. This will incur an expense of around ₹1,300 crores. Details: The …