“PAiSA – Portal for Affordable Credit and Interest Subvention Access”, a centralized electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) was launched by Sh. Durga Shankar Mishra, Secretary, Ministry of Housing and Urban Affairs.
The web platform has been designed and developed by Allahabad Bank which is the Nodal bank. All 35 states / UTs & all scheduled commercial banks, RRBs, and Cooperative Banks are expected to be on board the PAiSA portal soon.
Source: Press Information Bureau