Impact Analysis of the RuPay and Low-Value BHIM-UPI Transactions Incentive Scheme

The Department of Financial Services (DFS), Ministry of Finance, released the report titled “Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and Low-Value BHIM-UPI (Person-to-Merchant) Transactions” during the Chintan Shivir held on 13-14 February 2026.

  • The report evaluates the outcomes of the Government’s incentive framework aimed at promoting digital payments, particularly RuPay debit cards and low-value BHIM-UPI transactions.

Key Findings

Growth in Digital Payment Adoption

  • UPI has emerged as the most preferred mode of transaction, accounting for 57% of surveyed users, surpassing cash at 38%.
  • Nearly 65% of UPI users reported making multiple digital transactions ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Reports & Indices