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What is the present corpus of the Payments Infrastructure Development Fund (PIDF) Scheme launched by RBI?
A)
Rs 255 crore
B)
Rs 275 crore
C)
Rs 310 crore
D)
Rs 345 crore

Correct Answer :   Rs 345 crore


Reserve Bank on Thursday extended the scheme for encouraging deployment of Point of Sale (PoS) infrastructure to street vendors covered under the PM SVANidhi programme in tier 1 and 2 centres. The Payments Infrastructure Development Fund (PIDF) scheme, with a corpus of Rs 345 crore, envisages creating 30 lakh new touch points every year for digital payments in tier-3 to tier-6 centres. The scheme, operationalised in January this year, has now been extended to select street vendors in tier 1 and 2 centres.

Published On : August 27, 2021
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