NEW DELHI: Consumers and merchants can look forward to a host of incentives such as fee waivers and tax benefits on cashless payments, for which a draft Cabinet note has been circulated by the Finance Ministry.

The proposal would be presented before the Union Cabinet after Finance Ministry incorporates comments and suggestions made by various ministries and departments on the Draft that contains as many as 30 measures to encourage the e-payments.

The note has already incorporated the public feedback on a draft proposal for facilitating electronic transactions, which was put up in the public domain in June and suggestions were invited through the government's MyGov.in platform.

"The 30 points include removal of different kind of fees and charges on e-transactions and providing incentive for such payment. We will take it to Cabinet after comments are received from concerned departments," an official source told PTI.

It is proposed to provide income tax benefits to the persons paying a portion of their expenditure either through debit or credit cards and do away with transaction charges for purchase petrol, gas and rail tickets.

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