Question
Which of the following statement(s) is are correct regarding Payments Infrastructure Development Fund (PID
- F ? PIDF was operationalised in January 2021 The contribution to the fund is made by RBI, authorised card networks and card issuing banks . The PIDF subsidises deployment of Points of Sale (Po
- S infrastructure (physical and digital modes) in Union territories and north-eastern states of the country .
Read the following passage and answer the next 3 question (Q15 to Q17) More than 4.11 lakh PoS, mobile PoS and other physical devices were deployed across the country under the Payments Infrastructure Development Fund (PIDF) scheme as on April 30, 2022, as per an update from the RBI. Besides, 1,14,05,116 digital devices, including inter-operable QR code-based payments such as UPI QR, Bharat QR, were deployed under the scheme. In June 2022, the RBI announced that to give further impetus to deployment of payment acceptance touchpoints, the PIDF scheme is being modified by enhancing the subsidy amount and simplifying the subsidy claim process. This will further accelerate the deployment of payment acceptance touchpoints across the country, with special focus on rural areas. All eligible installations since the inception of the scheme may prefer claims under the revised scheme, the central bank had said. Source : Business Standard
More Banking System in India Questions
- What are the factors that may cause NBFCs to restructure or reschedule project loans?
- Which of the following is a non-fund-based credit facility?
- In the context of cost accounting, expenses are classified into different categories based on their function within the business operations. Based on your...
- Which of the following is true regarding the Reserve Bank of India's prudential norms for income recognition, asset classification, and provisioning for ba...
- Cost of capital is lowest in case of debt due to which of the following:
- The current ratio can be numerically expressed in the form of the following equation
- What does BRBNMPL expand for?
- Which of the following term is the practice where you pledge an asset (in this case, a car) to a bank when applying for a loan?
- Which of the following leading NBFC has raised five-year loan of $100 million from the ADB through external commercial borrowing (ECB) under its social fin...
- Which of the following is a key component of Basel III regulations?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
