Govt slashes UPI cashback scheme limit to total of Rs 150 per person

The government has already spent Rs 1 billion in the last three months of the scheme in giving these cashbacks

In a bid to ensure that public money isn't wasted with people gaming the system, the government has decided to limit the incentives available to Unified Payments Interface from Rs 750 a month to just Rs 150 per person in the full life cycle, sources said. A notification in this regard is set to come out in a couple of days which will make it clear that the Ministry of Electronics and Information Technology is looking to limit the outflow through this cashback scheme. 

It is important to note here that this scheme was amended only in April when it