Payments Infrastructure Development Fund – Status Update
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.
- Acquiring institutions (banks and non-banks), registered under the PIDF Scheme, commit region-wise deployment targets, submit deployment statistics and claim subsidy for devices which fulfil the prescribed criteria.
- Contribution to the PIDF is made by the Reserve Bank, authorised card networks and card issuing banks; the corpus currently stands at ₹614 crore.
| Source | Amount (in ₹ crore) |
| Reserve Bank of India | 250.00 |
| Authorised Card Networks | 153.72 |
| Card Issuing Banks | 210.17 |
| Total | 613.89 |
4. The number of payment acceptance devices deployed under the PIDF Scheme as at end-September 2021 is –
| Location | Physical Devices* | Digital Devices** |
| Tier 3 & 4 Centres | 98,504 | 20,46,075 |
| Tier 5 & 6 Centres | 84,968 | 30,47,750 |
| North-eastern States | 18,449 | 2,42,145 |
| Tier 1 & 2 Centres (PM SVANidhi Scheme) | 44,021 | 2,00,708 |
| Total | 2,45,942 | 55,36,678 |
*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.
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