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NPCI launches the UPI Vyapaar Saksham Scheme. Discover how small shopkeepers can earn up to Rs 750 in incentives.
To expand digital payments into smaller towns and rural India, the National Payments Corporation of India (NPCI) has launched the UPI Vyapaar Saksham Scheme. Designed to empower small retailers and local shopkeepers, this initiative offers attractive financial incentives for adopting QR codes and payment soundboxes, making digital transactions easier and more rewarding across remote regions.
The National Payments Corporation of India has introduced the UPI Vyapaar Saksham Scheme to boost digital payment adoption at the grassroots level. This initiative directly supports small merchants and local shopkeepers looking to integrate seamless digital payment infrastructure into their daily operations. (File Photo)
Under the new NPCI circular, setting up a UPI QR code at a new merchant shop earns an incentive of ₹300. Additionally, shopkeepers installing audio payment alert soundboxes can receive ₹750, alongside rewards for eligible UPI transactions up to ₹2,000. (File Photo)
The scheme specifically targets small and medium enterprises across the country. According to official guidelines, any merchant or retail business with an annual turnover of up to ₹40 lakh including local grocery stores and street vendors is eligible to claim these benefits. (File Photo)
NPCI designed this initiative to bring underserved areas into the digital fold. The program focuses heavily on Tier-3 to Tier-6 towns, while prioritizing merchant onboarding in geographically challenging regions like the North-Eastern states, Jammu & Kashmir, and Ladakh. (File Photo)
The UPI Vyapaar Saksham Scheme is built for sustained long-term impact. As outlined in the circular, the program will remain active and effective for three full years starting from the official implementation date of the UPI Merchant Discount Rate (MDR). (Image: News18 Tamil)
A dedicated financial model has been established to keep the program running smoothly. Five percent of the Merchant Discount Rate (MDR) share collected from UPI ecosystem members will be allocated directly into a specialized fund supporting this scheme. (File Photo)
The accumulated fund will be distributed strategically to maximize merchant adoption. Exactly 30 percent will go toward onboarding new merchants, 50 percent will incentivize higher transaction volumes, and the remaining 20 percent will drive growth in priority focus areas. (File Photo)
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