DFS Released Socio-Economic Impact Analysis of Incentive Scheme at Chintan ShivirIn February 2026, the Department of Financial Services (DFS) under the Ministry of Finance (MoF), released a report titled ‘Socio-Economic Impact Analysis of Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person-to-Merchant) transactions’ during the Chintan Shivir held on February 13- February 14, 2026, at Coorg in Karnataka.
- The report assesses the effectiveness of the Government of India (GoI)’s incentive framework in promoting digital payments, bolstering payment infrastructure, and driving financial inclusion nationwide.
About Social Impact Analysis:
Conducted by: Social Impact Analysis, an initiative led by the DFS, has been conducted by Ipsos Research Pvt. Ltd, as the independent 3rd-party research agency in consultation with the National Payments Corporation of India (NPCI).
UPI Dominance: The report revealed that Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction which accounts for 57% of total payment transactions, exceeding cash transactions at 38%.
Surge in Digital Transactions: As per the report, the digital transactions surged nearly 11 times between 2021 and 2025, with UPI’s share in total digital transactions increasing to 80%.
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