The Ministry of Housing and Urban Affairs launched PAiSA portal for processing interest subvention on bank loans to beneficiaries under the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission.
About:
PAiSA is an acronym for “Portal for Affordable Credit and Interest Subvention Access”.
What is it? It is a centralized electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM).
Implementing agencies: The web platform has been designed and developed by Allahabad Bank which is the Nodal bank.
Coverage: All 35 states/UTs & all Scheduled Commercial Banks, RRBs and Cooperative Banks are expected to be on board the PAiSA portal the year end.
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