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Payments Infrastructure Development Fund (PIDF)
January 11 , 2021
1238 days
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- This fund was operationalised by the Reserve Bank of India (RBI).
- It is to increase payments acceptance infrastructure by adding 30 lakh touch points every year in Tier-3 to Tier-6 centres.
- There would be special focus on the north-eastern states.
- An Advisory Council, under the chairmanship of RBI Deputy Governor BP Kanungo, has been constituted for managing the PIDF.
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