Question

    Which of the following statements is/are NOT TRUE with

    respect to the PM Vishwakarma Scheme ? I.The Reserve Bank of India (RBI) has decided to extend the Payments Infrastructure Development Fund (PIDF) for two years up to December 31, 2025. II.Additionally, the subsidy for special focus areas, such as North Eastern states, Jammu and Kashmir, and Ladakh, has been standardized at 85 per cent from 75 per cent of the device cost, irrespective of the device type. III.The corpus of PIDF stands at Rs 1,026.37 crore as of November 30, 2023
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only I & II Correct Answer Incorrect Answer
    D Only II & III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has decided to extend the Payments Infrastructure Development Fund (PIDF) for two years up to December 31, 2025. Earlier, the scheme was launched in 2021 for a period of three years. Additionally, the subsidy for special focus areas, such as North Eastern states, Jammu and Kashmir, and Ladakh, has been standardised at 90 per cent from 75 per cent of the device cost, irrespective of the device type. The corpus of PIDF stands at Rs 1,026.37 crore as of November 30, 2023.

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