Urban Transformation – Smart Cities, AMRUT, etc.

[pib] PAISA Portal for Affordable Credit & Interest Subvention Access launched under DAY-NULM


Mains Paper 1: Social Issues | Urbanization – problems and remedies

From UPSC perspective, the following things are important:

Prelims level: PAISA Portal, Deendayal Antyodaya Yojana

Mains level: Read the attached story


PAISA Portal

  1. PAiSA stands for  Portal for Affordable Credit and Interest Subvention Access
  2. Nodal Ministry: Ministry of Housing & Urban Affairs
  3. 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).
  4. The web platform has been designed and developed by Allahabad Bank which is the Nodal bank.
  5. PAiSA is an effort by the government to connect directly with the beneficiaries, ensuring that there is greater transparency and efficiency in delivery of services.
  6. DBT of subvention on monthly basis under DAY-NULM will give the necessary financial support to small entrepreneurs in a timely manner.
  7. All 35 states / UTs & all scheduled commercial banks, RRBs and Cooperative Banks are expected to be on board the PAiSA portal the year end.


Deendayal Antyodaya Yojana

Deen Dayal Upadhyaya Antyodaya Yojana

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