PAiSA

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.