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Payments Infrastructure Development Fund (PIDF) Scheme

Payments Infrastructure Development Fund (PIDF) Scheme mind map
Recent News
Extension Announced
Until December 31, 2025
When
Operationalised
Since January 01, 2021
Modified
From June 09, 2022
Why
Promote Digital Transactions
Financial Inclusion
What
Subsidises Deployment
Points of Sale Infrastructure
Physical and Digital Modes
Coverage
Tier 3 to Tier 6 Centres
North-Eastern States
J&K and Ladakh
PM Street Vendor’s AtmaNirbhar Nidhi
In Tier 1 and Tier 2 Centres
Contributions
Reserve Bank of India
Authorised Card Networks
Card Issuing Banks
Sponsor Banks
Total Corpus
₹788.20 Crore
As of December 31, 2022
Payment Acceptance Devices Deployed
Details of Physical and Digital Devices
Enhanced Subsidy Amount
Simplified Subsidy Claim Process
Where
India
Focused on Underserved Regions
Who
Reserve Bank of India
Governing Body
Stakeholders
Card Networks, Banks
How
Financial Assistance
For Deploying Payment Acceptance Devices
Advisory Council
Oversees Scheme
Pros/Significance
Enhanced Digital Payment Infrastructure
Increased Penetration in Underserved Areas
Supports Various Sectors
Including Artisans, Craftspeople
Encourages Emerging Payment Modes
Soundbox Devices
Aadhaar-Enabled Biometric Devices
Industry Support and Appreciation
Way Forward
Continued Focus on Digital Infrastructure
Expansion to Include New Beneficiaries
PM Vishwakarma Scheme
Increase Availability
Of Payment Acceptance Devices
Promote Financial Inclusion
Transition to Cashless Economy

The Payments Infrastructure Development Fund (PIDF) Scheme, operational since January 2021 and extended until December 31, 2025, aims to subsidize the deployment of Points of Sale (PoS) infrastructure across India, particularly in underserved areas like tier-3 to tier-6 centres and the northeastern states. It has been expanded to include beneficiaries of the PM Street Vendor’s AtmaNirbhar Nidhi in tier-1 and tier-2 centres, with the Reserve Bank of India, card networks, and banks contributing to its corpus. The scheme’s modification in 2022 to enhance subsidy amounts and simplify the subsidy claim process reflects its commitment to boosting digital transaction facilities and financial inclusion, especially at the grassroots level.

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