Global Trade Alert
Global Trade Alert

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India: Increased budget for a payment scheme to incentivise digital payments

Description

On 12 March 2024, the Indian Ministry of Finance through Notification No 9/27/2023 increased the budget for the "Incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions...

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Intervention Details

Intervention Type

Localisation, nes

MAST Chapter

I: Trade-related investment measures

Implementation date

12 Mar 2024

Revocation date

31 Mar 2024

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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