<h1>Government Boosts Digital Payments with Incentives, Fraud Controls, and Microfinance Reforms under New Rules</h1> The Government, the central bank, and the national payments body have implemented multiple measures to promote digital payments, including incentive schemes for RuPay debit cards and low-value UPI transactions, and a fund to expand payment infrastructure in underserved areas. Fraud prevention efforts involve device binding, two-factor authentication, transaction limits, and AI-based fraud monitoring provided to banks. Awareness campaigns on cybercrime prevention are ongoing. Regulatory steps to enhance transparency and financial inclusion in cooperative societies and microfinance institutions include a board-approved pricing policy for microfinance loans, simplification of loan definitions, removal of certain quantitative restrictions on non-banking financial companies, and elimination of the requirement that half of microfinance loans be for income generation, recognizing broader credit needs such as medical and educational expenses.