RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Press Releases Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

80365373

Payments Infrastructure Development Fund (PIDF) - Status Update

The PIDF Scheme, operationalised by the Reserve Bank from January 01, 2021, subsidises deployment of Points of Sale (PoS) infrastructure (physical and digital modes) in tier-3 to tier-6 centres and north eastern states of the country. From August 26, 2021, beneficiaries of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres are also covered. Further, J & K and Ladakh regions are included as special focus areas from June 09, 2022.

2. Contribution to PIDF is made by the Reserve Bank, authorised card networks and card issuing banks; the corpus stands at ₹788.20 crore as on December 31, 2022 –

Source Amount (in ₹ crore)
I. Contribution from stakeholders (+) 1,003.26
I.1. Reserve Bank of India 250.00
I.2. Authorised Card Networks 302.78
I.3. Card Issuing Banks 438.72
I.4. Sponsor Banks 11.76
II. Interest earned (+) 49.39
III. Subsidy pay-out (-) 264.45
Total (I + II - III) 788.20

3. The number of payment acceptance devices deployed under the PIDF Scheme as on December 31, 2022 is –

Location Physical Devices*1 Digital Devices**1
Tier 3 & 4 Centres 2,21,615 62,07,703
Tier 5 & 6 Centres 1,94,794 1,03,17,307
Special Focus Areas
(North-eastern States and UTs of J&K and Ladakh)
68,961 10,38,774
Tier 1 & 2 Centres
(PM SVANidhi Scheme)
45 7,25,190
Total 4,85,415 1,82,88,974
*Physical devices include PoS, mPoS (mobile PoS), GPRS (General Packet Radio Service), PSTN (Public Switched Telephone Network), etc.
**Digital devices include inter-operable QR code-based payments such as UPI QR, Bharat QR, etc.
1Adjusted for wrong reporting by participants

4. To give further impetus to deployment of PoS infrastructure, the PIDF Scheme was modified from June 09, 2022 by enhancing the subsidy amount and simplifying the subsidy claim process. The amount of subsidy paid from the Scheme from May 2022 till December 2022 is ₹259.92 crore and 64.99 lakh devices were deployed during the period (1.75 lakh physical and 63.24 lakh digital).

Ajit Prasad            
Director (Communications)

Press Release: 2022-2023/1655

RbiTtsCommonUtility

प्ले हो रहा है
শুনুন

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া মোবাইল অ্যাপ্লিকেশন ইনস্টল করুন এবং সাম্প্রতিক সংবাদগুলিতে দ্রুত অ্যাক্সেস পান!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

এই পেজটি কি সহায়ক ছিল?