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Global Trade Alert

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India: 1-year Incentive scheme for payments through domestic payment providers

Description

On 15 December 2021, the Indian Union Cabinet of Ministers approved a scheme to incentivize the use of RuPay debit cards and BHIM-UPI transactions of low value (less than INR 2000 or ~ USD 26) in the ...

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Intervention Details

Intervention Type

Localisation, nes

MAST Chapter

I: Trade-related investment measures

Implementation date

01 Apr 2021

Revocation date

31 Mar 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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