General Studies · Payment Systems
What is the primary objective of the Payments Infrastructure Development Fund (PIDF) scheme extended by the RBI?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To provide low-cost capital to financial technology NBFCs
- 2To fund public sector banks for mobile banking security upgrades
- 3To subsidise the deployment of PoS machines and payment acceptance devices✓
- 4To provide seed funding to digital payment start-ups
Correct answer
To subsidise the deployment of PoS machines and payment acceptance devices
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