Payments Infrastructure Development Fund Scheme
Recently, the Reserve Bank of India (RBI) extended the Payments Infrastructure Development Fund (PIDF) scheme till December 31, 2025.
About PIDF Scheme
- The Scheme was operationalized by the RBI in 2021 for three years (extendable up to 2 years) to encourage deployment of payment acceptance infrastructure in India.
- It includes physical Point of Sale (PoS) terminals, Quick Response (QR) codes, in tier-3 to tier-6 centers, North Eastern states and Union Territories (UTs) of Jammu & Kashmir and Ladakh.
- Purpose: To strengthen the payment acceptance infra by including 30 lakh touch points which includes 10 lakh physical and 20 lakh digital payment devices ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 RBI Increases Collateral-Free Agricultural Loan Limit
- 2 Parliamentary Committee Report on Agriculture Distress
- 3 RBI Committee on FREE-AI
- 4 State Finances: A Study of Budgets of 2024-25
- 5 55th Meeting of the GST Council
- 6 SEBI Widens Scope of Optional T+0 Rolling Settlement Cycle
- 7 Committee of Creditors
- 8 MuleHunter.AI: Combating the Issue of Mule Accounts
- 9 Annual Survey of Unincorporated Sector Enterprises, 2023-24
- 10 India-ADB Agreement under SMILE Program
