More than 4.11 lakh PoS, cell PoS and different bodily gadgets had been deployed throughout the nation below the Payments Infrastructure Development Fund (PIDF) scheme as on April 30, 2022, the RBI mentioned on Thursday.
Besides, 1,14,05,116 digital gadgets, 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 Bank from January 2021, subsidises deployment of Points 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 Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres had been additionally lined.
The contribution to PIDF is made by the Reserve Bank, authorised card networks and card issuing banks; the corpus presently stands at Rs 811.4 crore, the RBI mentioned.
Acquiring establishments (banks and non-banks), registered below the PIDF scheme, commit region-wise deployment targets, submit deployment statistics and declare subsidy for gadgets which fulfil the prescribed standards.
On Wednesday, the RBI introduced that to present 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 will additional speed up the deployment of fee acceptance touchpoints throughout the nation, with particular deal with rural areas.
All eligible installations for the reason that inception of the scheme could want claims below the revised scheme, the central financial institution had mentioned.
Source: www.financialexpress.com”