27-01-2021 | 12:28 PM
Payment Infrastructure Development Fund
The Reserve Bank of India recently announced operational guidelines to the Payment Infrastructure Development Fund which aims to deploy more digital payment infrastructure across tier-3 to tier-6 centres and in the north-eastern states.
The Central Bank has constituted an advisory council under the chairmanship of B P Kanungo. The advisory council will basically govern the funds.
The fund is to be operational for two years, 2021 and 2022.
The fund has a corpus of 345 crores of rupees.
