PAiSA Portal Launched For Quicker Processing Of Loans Under National Urban Livelihoods MissionPAiSA Portal (@MoHUA/Twitter)

Ministry of Housing and Urban Affairs announced PAiSA portal for processing subvented loans for beneficiaries of Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM), according to a Press Information Bureau (PIB) press release.

Allahabad Bank is the nodal bank for the scheme. The Portal for Affordable Credit and Interest Subvention Access (PaiSA) is designed and developed by Allahabad Bank.

Secretary of Ministry of Housing and Urban Affairs, Durga Shankar Mishra, said, “PAiSA is yet another effort by the government to connect directly with the beneficiaries, ensuring that there is greater transparency and efficiency in the delivery of services.”

All 35 states, Union Territories, all scheduled commercial banks, Regional Rural Banks (RRBs) and Cooperative Banks are expected to integrate in the PAiSA portal by the end of 2018.

DAY-NULM is a programme by the government to tackle urban poverty by enabling people to access self-employment opportunities and skilled wage employment. And it supports urban street vendors by providing suitable spaces, institutional credit, social security and skills to access new opportunities.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement