The total corpus of Payments Infrastructure Development Fund (PIDF) of RBI has reached Rs 614 crore. The PIDF scheme was launched by RBI in January 2021, to subsidize deployment of payment acceptance infrastructure (PoS) in Tier-3 to Tier-6 centres with a special focus on the North-Eastern States of the country. At that time it was decided that, RBI will make an initial contribution of Rs. 250 crores to the PIDF covering half the fund and the remaining contribution will be from card-issuing banks and card networks operating in the country.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Initially when the scheme has launched the corpus of PIDF was Rs. 345 crore (Rs. 250 crores contributed by RBI and Rs. 95 crores by the major authorized card networks in the country). Now various other Authorised Card Networks (Rs. 153.72) and Card Issuing Banks (Rs. 210.17 crores) have increased their contribution to the PIDF Scheme hence taking the total corpus to Rs. 613.89 crore (approx Rs 614 crore).
China has launched the Shenzhou 23 spacecraft and sent the three astronauts to its Tiangong…
For the year 2026, the Sansad Ratna Awards have been announced the outstanding performance by…
As the IPL now at the climax part, final 4 teams are now officially confirmed…
Football Icon Lionel Messi has officially enters to the billionaire club and become the only…
Rajya Sabha MP Raghav Chadha has been appointed as the new Chairman of the Rajya…
Major Abhilasha Barak who was serving with the United Nations peacekeeping mission in Lebanon has…