New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Read the following passage and answer the next 3 question (Q15 to Q17) More than 4.11 lakh PoS, mobile PoS and other physical devices were deployed across the country under the Payments Infrastructure Development Fund (PIDF) scheme as on April 30, 2022, as per an update from the RBI. Besides, 1,14,05,116 digital devices, including inter-operable QR code-based payments such as UPI QR, Bharat QR, were deployed under the scheme. In June 2022, theRBIannounced that to give further impetus to deployment ofpaymentacceptance touchpoints, the PIDF scheme is being modified by enhancing the subsidy amount and simplifying the subsidy claim process. This will further accelerate the deployment ofpaymentacceptance touchpoints across the country, with special focus on rural areas. All eligible installations since the inception of the scheme may prefer claims under the revised scheme, the central bank had said. Source : Business Standard

    Beneficiaries of which of the following scheme are

    covered under the PIDF scheme, irrespective of the region to which they belong?
    A Pradhan Mantri Garib Kalyan Yojana Correct Answer Incorrect Answer
    B SVAMITVA Yojana Correct Answer Incorrect Answer
    C PMSVANidhi Yojana Correct Answer Incorrect Answer
    D PM Shram Yogi Mandhan Yojana Correct Answer Incorrect Answer
    E PM KISAN Yojana Correct Answer Incorrect Answer

    Solution

    Payment infrastructure development fund (PIDF) • Operationalised in January 2021 • Subsidises deployment of PoS infrastructure in tier-3 to tier 6 cities and North east states • From Aug 2021, beneficiaries of PMSVANidhi in tier-1 and tier-2 also covered • Advisory Council chaired by DG Mr. T Rabi Shankar Contribution to PIDF was Rs.798.94 crore as of March 31, 2022 and around Rs.811 crore as of April 30, 2022. Of this, RBI has contributed Rs.250 crore while the remaining is by Authorised card networks/Card Issuing banks.

    Practice Next