2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 550 crore
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Rs. 450 crore
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Rs. 750 crore
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Rs. 250 crore
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Detailed explanation-1: -What is PIDF scheme? The Payment Infrastructure Development Fund (PIDF) Scheme was operationalised by the central bank in January 2021 to incentivise deployment of Point-of-Sale machines (PoS), mPoS (mobile PoS), Quick Response (QR) codes in tier-3 to tier-6 centres and North Eastern States.
Detailed explanation-2: -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-3: -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.
Detailed explanation-4: -The Reserve Bank of India has proposed to modify the Payments Infrastructure Development Fund (PIDF) scheme.