RBI extends cost infrastructure scheme

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RBI extends cost infrastructure scheme

MUMBAI: The RBI has prolonged its Cost Infrastructure Improvement Fund (PIDF) scheme till December 31, 2025 and has expanded its scope. Underneath the revised PIDF scheme, retailers coated by the PM Vishwakarma Scheme throughout centres are included as beneficiaries. Furthermore, the eligibility standards for subsidy claims have been expanded to incorporate sound field units and Aadhaar-enabled biometric units.
Launched in January 2021 for a three-year period, the scheme promotes digital cost infrastructure in tier-3 to tier-6 facilities, northeastern states, and the UTs of Jammu & Kashmir and Ladakh.As of November 30, 2023, the PIDF corpus stands at Rs 1,026 crore.