Total corpus of Payments Infrastructure Development Fund (PIDF) reaches Rs 614 crore

The total corpus of Payments Infrastructure Development Fund (PIDF) of RBI has reached Rs 614 crore.
The PIDF scheme was launched by RBI in January 2021, to subsidize deployment of payment acceptance infrastructure (PoS) in Tier-3 to Tier-6 centres with a special focus on the North-Eastern States of the country.
At that time it was decided that, RBI will make an initial contribution of Rs. 250 crores to the PIDF covering half the fund and the remaining contribution will be from card-issuing banks and card networks operating in the country.
Initially when the scheme was launched the corpus of PIDF was Rs. 345 crore (Rs. 250 crores contributed by RBI and Rs. 95 crores by the major authorized card networks in the country).
Now various other Authorised Card Networks (Rs. 153.72) and Card Issuing Banks (Rs. 210.17 crores) have increased their contribution to the PIDF Scheme hence taking the total corpus to Rs. 613.89 crore (approx Rs 614 crore).

Points to remember:

What is the total corpus of Payments Infrastructure Development Fund (PIDF) of RBI presently?- Rs 614 crore
What is the contribution of RBI in Payments Infrastructure Development Fund (PIDF) of RBI?- Rs 250 crore

Source: RBI