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Reserve Bank of India Date : Aug 26, 2021 ThePayments Infrastructure Development Fund (PIDF)Scheme was announced by the Reserve Bank onJanuary 5, 2021. The objective of the scheme was to encourage deployment of Points of Sale (PoS) infrastructure (both physical and digital modes) in tier-3 to tier-6 centres and north eastern states. The Reserve Bank has now decided to include street vendors identified as part of the PM Street Vendors AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and
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FAQ :
The PIDF Scheme, announced by the Reserve Bank of India, aims to encourage the deployment of Point of Sale (PoS) infrastructure in tier-3 to tier-6 centres and north eastern states.
Street vendors identified under the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres are now included as beneficiaries.
Yes, street vendors in tier-3 to tier-6 centres will continue to be covered under the PIDF Scheme.
The expansion aims to promote digital transactions at the grassroots level by providing better payment infrastructure to street vendors.
The PIDF Scheme was originally announced by the Reserve Bank of India on January 5, 2021.
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Source : https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52112