2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Currently what is the total corpus of Payments Infrastructure Development Fund (PIDF) of RBI?
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Rs 451 crore
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Rs 614 crore
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Rs 525 crore
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Rs 250 crore
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -250 crore contributed by the RBI and Rs. 95 crore by the major authorised card networks in the country. The authorised card networks shall contribute in all Rs. 100 crore.
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