CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has announced operationalization of the PIDF scheme?
A
ADB
B
RBI
C
HDFC Bank
D
World Bank
Explanation: 

Detailed explanation-1: -RBI announces Operationalization of Payments Infrastructure Development Fund (PIDF) Scheme.

Detailed explanation-2: -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-3: -Payments Infrastructure Development Fund (PIDF) – Status Update.

Detailed explanation-4: -The PIDF Scheme, operationalised by the Reserve Bank from January 01, 2021, subsidises deployment of Points of Sale (PoS) infrastructure (physical and digital modes) in tier-3 to tier-6 centres and north eastern states of the country.

Detailed explanation-5: -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.

There is 1 question to complete.