<h1>Government Launches Rs 1,500 Crore Incentive for Small-Value BHIM-UPI Transactions to Boost Digital Payments in 2024-25</h1> The government has approved a Rs 1,500 crore incentive to promote small-value BHIM-UPI transactions up to Rs 2,000, targeting common people and small merchants. The scheme, effective for the financial year 2024-25, offers a 0.15% incentive per transaction to small merchants, covering 55% of merchant transactions. Acquiring banks will receive 80% of the claim amount upfront, with the remaining 20% subject to conditions. This initiative aims to encourage digital payments, enhancing financial inclusion and providing diverse payment options. UPI services are also available internationally, with previous incentives totaling Rs 3,268 crore.