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RBI to include street vendors in its digital transactions scheme

With a view to provide a fillip to its efforts towards promoting digital transactions at the grass-roots level, the Reserve Bank of India has decided to include street vendors covered under the PM SVANidhi Scheme in tier-1 and tier-2 cities as beneficiaries under the PIDF scheme.

The PIDF (Payments Infrastructure Development Fund) scheme was announced by the RBI on January 5, 2021. The objective of the scheme is to encourage the deployment of Points of Sale (PoS) infrastructure in tier-3 to tier-6 cities as well as north-eastern states.

Street vendors in tier-3 to tier-6 centres will continue to be covered under the PIDF scheme.

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