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RBI Extends Payments Infrastructure Development Fund (PIDF) Scheme till Dec 2027.

Banking & Finance | Dated: 01 Jan 2026

The Reserve Bank of India (RBI) has extended the tenure of the Payments Infrastructure Development Fund (PIDF) scheme by another two years, until December 31, 2027. The scheme aims to encourage the deployment of payment acceptance infrastructure like Point of Sale (PoS) terminals and QR codes in Tier-3 to Tier-6 centers.

🎯 Key Highlights:

  • The scope of beneficiaries has been expanded to include artisans and weavers under the PM Vishwakarma scheme.
  • Soundbox devices and Aadhaar-enabled biometric devices are now eligible for subsidy under PIDF.
  • The corpus currently stands at over Rs 1,000 crore, funded by RBI and authorized card networks.

💡 Other Important Facts:

  • Scheme: PIDF Scheme.
  • Extension: Till Dec 31, 2027.
  • Target: Tier-3 to Tier-6 centers.

📚 Test Your Knowledge:

RBI extended the PIDF scheme until which year to boost digital payment infrastructure in smaller cities?

Correct Answer: 2027

🚀 Quick Recap:

About RBI

  • Governor – Shaktikanta Das
  • HQ – Mumbai