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PIDFReserve Bank of India ( RBI ) recently extended the Payments Infrastructure Development Fund ( PIDF ) scheme by another two years and will include

PIDFReserve Bank of India (RBI) recently extended the Payments Infrastructure Development Fund (PIDF) scheme by another two years and will include beneficiaries of the PM Vishwakarma scheme.PIDF is a fund set up by the RBI, in consultation with major authorised card networks, to facilitate the development of payment acceptance infrastructure in tier-3 to tier-6 cities and the north-eastern states of India. The Union Territories of Jammu and Kashmir and Ladakh will also be given special focus.The PIDF is funded by the RBI and the major authorized card networks in India.The scheme provides financial assistance to banks and non-bank financial companies (NBFCs) for the deployment of PoS terminals and other payment acceptance infrastructure in eligible regions.

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