Current Affairs · Government Schemes and Incentives

Which of the following statements regarding the Union Cabinet's incentive scheme for promoting digital payments are correct? 1. The Cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions. 2. Under this scheme, the government pays banks an incentive as a percentage of the value of RuPay Debit card transactions and low-value BHIM-UPI transactions up to Rs 2,000. 3. Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions do not attract GST.