The Payments Infrastructure Development Fund (PIDF) Scheme was recently extended by THE RBI for an additional two years, until December 2025. Additionally, the scheme’s scope was expanded to include sound box instruments and Aadhaar-enabled biometric devices.
On November 30, 2023, the PIDF corpus was Rs 1,026.37 crore.
The Reserve Bank of India (RBI) operationalized the PIDF scheme for a three-year period in January 2021.
The scheme’s goal was to promote the installation of payment acceptance infrastructure in tier-3 to tier-6 centers, North Eastern states, and the Union Territories of Jammu and Kashmir and Ladakh. This included physical Point of Sale (POS) terminals and Quick Response (QR) codes.