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RBI Extends Payments Infrastructure Development Fund Scheme Till 2025

Published on January 01, 2024
Current Context: The Reserve Bank of India (RBI) has extended the Payments Infrastructure Development Fund (PIDF) scheme until December 31, 2025.
  • The PIDF scheme was first operationalized in 2021.
  • It is designed to offer financial aid to banks and non-bank financial companies (NBFCs) for the deployment of point-of-sale terminals and other payment acceptance infrastructure.
  • The scheme aims to encourage the deployment of digital payment infrastructure in North Eastern states, Jammu & Kashmir, Ladakh, and tier-III to VI centres.
  • This extension aims to continue fostering financial inclusion and supporting the country’s payment infrastructure.


Q.1 Until when has the PIDF scheme been extended?
a. December 31, 2023
b. December 31, 2024
c. December 31, 2025
d. December 31, 2026

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