Question
As per REPORT ON TREND AND PROGRESS OF BANKING IN INDIA
2020-21, The Payments Infrastructure Development Fund (PIDF) Scheme intends to subsidise deployment of payment acceptance infrastructure in Tier-3 to Tier-6 centres with a special focus on __________.Solution
The PIDF scheme was operationalised by the RBI in January 2021 to incentivise the deployment of payment acceptance infrastructure such as physical Point of Sale (PoS), mPoS (mobile PoS), Quick Response (QR) codes in Tier-3 to 6 centres and north-eastern States.
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