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Module: General Practice

Q42: What was the primary objective of launching the Payments Infrastructure Development Fund (PIDF) in January 2021?

A
To boost payment acceptance in Tier-3 to 6 centres, the North-Eastern Region, and Jammu & Kashmir
B
To fund the development of the UPI Lite offline payment system
C
To provide subsidies for e-Mandates on recurring transactions
D
To finance the expansion of the Trade Receivables e-Discounting System (TReDS)
✅ Correct Answer: A
The PIDF was launched in January 2021 with the primary objective of boosting payment acceptance infrastructure in underserved areas, specifically Tier-3 to Tier-6 centres, the North-Eastern Region, and Jammu & Kashmir.
This inclusion initiative is tracked in the RBI's Payment Systems Report - June 2025.
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