Get latest articles and stories on India at LatestLY. The Union Cabinet, chaired by Prime Minister Shri Narendra Modi on Wednesday approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022. India News | Cabinet Okays Rs 2,600-cr Scheme for Promotion of RuPay Debit Cards, Low-value UPI Transactions.