UPI
Union Minister Jyotiraditya Scindia launched the UPI–UPU Integration project at the 28th Universal Postal Congress in Dubai, aiming to enhance cross-border remittances. India committed $10 million to support global postal innovation and announced its candidacy for two key UPU councils. Scindia emphasized the importance of integrating technology with public
Public Sector Banks
The Ministry of Finance has implemented various reforms to enhance credit discipline in Public Sector Banks (PSBs) and improve credit flow to Micro, Small, and Medium Enterprises (MSMEs). Key measures include the enactment of the Insolvency and Bankruptcy Code (IBC), the establishment of a Central Repository for monitoring corporate loans,
crop insurance
On August 11, 2025, a significant event for farmers' safety and crop insurance claim payments will take place in Jhunjhunu, Rajasthan, led by Union Agriculture Minister Shivraj Singh Chouhan. Over ₹3,200 crore will be digitally transferred to more than 30 lakh farmers under the Pradhan Mantri Fasal Bima
Digital Payments
The Government, along with the Reserve Bank of India (RBI) and the National Payment Corporation of India (NPCI), is implementing various initiatives to enhance digital payment transactions and ensure financial inclusion. Key measures include promoting RuPay Debit Cards, supporting low-value BHIM-UPI transactions, and establishing the Payments Infrastructure Development Fund (PIDF)
Digital Payments
The Indian digital payment landscape has seen over 65,000 crore transactions amounting to more than Rs. 12,000 lakh crore in the last six financial years. The government, in collaboration with various stakeholders, has worked to enhance digital payment adoption, especially in underserved areas. Initiatives like the Payments Infrastructure
e-NAM
As of June 30, 2025, the e-NAM platform has integrated 1522 mandis, with over 17.9 million farmers, 267,719 traders, and 4,518 Farmer Producer Organisations registered. The total value of agricultural produce traded on the platform is ₹4,39,941 crore. e-NAM facilitates direct sales for farmers, enhancing
Digital India
Prime Minister Narendra Modi has praised the completion of a decade of the Digital India initiative, highlighting its impact on digital payments and sectors like health and education. He emphasized the collective effort of 140 crore Indians in transforming the nation into a digitally empowered society. Source: Original Link
FASTag
The Indian Highways and Management Company Limited (IHMCL) organized a workshop in New Delhi with FinTech companies to explore innovative applications of the FASTag system. The workshop aimed to gather insights on regulatory compliance, grievance redressal, security, and non-toll applications of FASTag. Union Minister Nitin Gadkari emphasized the potential of
Digital Payments
The Digital Payments Awards ceremony, hosted by the Ministry of Finance in New Delhi, recognized the achievements of banks and fintechs in enhancing India's digital payments ecosystem. Union Finance Minister Nirmala Sitharaman announced that India achieved an 80% financial inclusion rate in just 6 years, a feat that