The government has already spent over Rs 100 crore on barometer and transaction cashbacks to BHIM users, it appear in an RTI acknowledgment to MediaNama. The State Coffer of India’s account-holders got the accomplished share, applique 33.45% of the cashbacks at Rs 35.2 crore. (SBI’s cardinal was so aerial that it was displayed as an backer (3.52E 08) in the RTI response.) SBI barter got about four times as abundant cashbacks as the aing best acknowledged bank, Paytm Payments Bank. The cashback arrangement was mostly revoked for alone affairs in July, with alone barometer cashbacks remaining. As such, the month-on-month advance of the cashback cardinal is acceptable to be small. The government is now reportedly alive on a new merchant-oriented scheme.
In total, Rs 105.2 crore has been disbursed in cashback to users. This includes both merchant and alone cashbacks.
The top bristles banks are:
While an bearding government official was ahead quoted as adage that the 100 crore rupee mark was crossed, this abstracts confirms it, forth with a bank-wise breach up (see basal of article).
Click actuality to see the absolute breakdown as of September 2018
There are additionally about 11 branch banks which accept been allotted beneath than Rs 2000 all in all in agreement of BHIM cashbacks.
In July, Mobikwik CEO Bipin Preet Singh had said that the government’s BHIM cashback arrangement — which goes through apps that appear with the BHIM branding — was abominable because it propped up one anatomy of agenda payments over others.
“It’s absurd that both clandestine and accessible area coffer apps get the annual of Govt promotions but startup apps (which chase aforementioned akin of compliance) & which are alluring abundant admired FDI, creating new technology & bags of new jobs are denied this opportunity,” Singh wrote then.
“You will accomplish Rs 750 per ages if you’re an ICICI Coffer user and use the ICICI Coffer app (or the appropriate BHIM App) to accomplish UPI payments, but in case you begin the UX of MobiKwik (or PhonePe or Google Tez or WhatsApp) better, you won’t get any cashback alike admitting you end up appliance UPI and the aforementioned coffer account.”
The arrangement was originally appointed to end in March 2018, but will run until 2019.
The government said in its RTI acknowledgment that funds for the BHIM cashback were allotted as anon as they were earmarked, acceptation that it’s apparently that MeitY would pay out as abundant cashback as continued as bodies were accepting referred. The acknowledgment does not acknowledgment specifics like the date on which these cashbacks began to be allotted. These are the questions MediaNama asked in its RTI appliance to MeitY, forth with their replies:
i) List of coffer UPI apps that are authorised to accept funds for BHIM barometer arrangement cashback, forth with date on which they aboriginal started accepting funds for disbursing barometer cashback.
Answer: List of banks accustomed in the attachment
ii) As of date of cancellation of this RTI Application, bulk of cashback funds disbursed by anniversary app beneath BHIM barometer scheme.iii) As of date of cancellation of this RTI Application, bulk of money appropriate for cashback arrangement but not yet disbursed beyond all apps.
Answer: Bulk of cashback funds disbursed by anniversary app beneath BHIM barometer arrangement and bulk of money appropriate for cashback scheme- are aforementioned and absolute appropriate bulk is disbursed.
iv) Please accommodate per-app breakdown for all aloft requested data.
Answer: Per-app breakdown for all the UPI apps of the banks accustomed in the table attached.
Note: While the RTI and the acknowledgment acknowledgment ‘apps’, the abstracts are for the issuers. Per-app breakdown was not accustomed by the government.
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