[ad_1]
MUMBAI: Greater than 4.11 lakh PoS, cellular PoS and different bodily units had been deployed throughout the nation below the Funds Infrastructure Growth Fund (PIDF) scheme as on April 30, 2022, the RBI mentioned on Thursday.
Moreover, 1,14,05,116 digital units, together with inter-operable QR code-based funds similar to UPI QR, Bharat QR, had been deployed below the scheme.
The PIDF scheme, operationalised by the Reserve Financial institution from January 2021, subsidises deployment of Factors of Sale (PoS) infrastructure (bodily and digital modes) in tier-3 to tier-6 centres and northeastern states of the nation.
From August 26, 2021, beneficiaries of PM Road Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres had been additionally coated.
The contribution to PIDF is made by the Reserve Financial institution, authorised card networks and card issuing banks; the corpus at the moment stands at Rs 811.4 crore, the RBI mentioned.
Buying establishments (banks and non-banks), registered below the PIDF scheme, commit region-wise deployment targets, submit deployment statistics and declare subsidy for units which fulfil the prescribed standards.
On Wednesday, the RBI introduced that to provide additional impetus to deployment of fee acceptance touchpoints, the PIDF scheme is being modified by enhancing the subsidy quantity and simplifying the subsidy declare course of.
This may additional speed up the deployment of fee acceptance touchpoints throughout the nation, with particular concentrate on rural areas.
All eligible installations for the reason that inception of the scheme might choose claims below the revised scheme, the central financial institution had mentioned.
Moreover, 1,14,05,116 digital units, together with inter-operable QR code-based funds similar to UPI QR, Bharat QR, had been deployed below the scheme.
The PIDF scheme, operationalised by the Reserve Financial institution from January 2021, subsidises deployment of Factors of Sale (PoS) infrastructure (bodily and digital modes) in tier-3 to tier-6 centres and northeastern states of the nation.
From August 26, 2021, beneficiaries of PM Road Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres had been additionally coated.
The contribution to PIDF is made by the Reserve Financial institution, authorised card networks and card issuing banks; the corpus at the moment stands at Rs 811.4 crore, the RBI mentioned.
Buying establishments (banks and non-banks), registered below the PIDF scheme, commit region-wise deployment targets, submit deployment statistics and declare subsidy for units which fulfil the prescribed standards.
On Wednesday, the RBI introduced that to provide additional impetus to deployment of fee acceptance touchpoints, the PIDF scheme is being modified by enhancing the subsidy quantity and simplifying the subsidy declare course of.
This may additional speed up the deployment of fee acceptance touchpoints throughout the nation, with particular concentrate on rural areas.
All eligible installations for the reason that inception of the scheme might choose claims below the revised scheme, the central financial institution had mentioned.
[ad_2]