Reserve Bank of India had extended the scheme for encouraging the deployment of Point of Sale (PoS) infrastructure to street vendors which comes under the PM SVANidhi programme.
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The Reserve Bank has now decided to include street vendors identified as part of the PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres as beneficiaries under the PIDF Scheme.
As hitherto, the street vendors in tier-3 to tier-6 centres will continue to be covered under the Scheme.
The Payments Infrastructure Development Fund (PIDF) scheme, with a corpus of Rs 345 crore, predicts making 30 lakhs new touch points each year for digital payments in level 3 to level 6 communities.