a) RBI vide notification RBI/2020-21/81DPSS.CO.AD No.900/02.29.005/2020-21 dated January 05, 2021 has introduced Operationalization of Payments Infrastructure Development Fund (PIDF) Scheme.
b) PIDF is intended to subsidise deployment of payment acceptance infrastructure in Tier-3 to Tier-6 centres with special focus on North-Eastern States of the country. It envisages creating 30 lakh new touch points every year for digital payments.
c) The These directions are issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
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