For Quick Alerts
For Daily Alerts

Modi Govt Launches PAiSA, Portal for Affordable Credit


To ensure direct connection with beneficiaries, prime minister government has launched PAiSA or Portal for Affordable Credit and Interest Subvention Access offering greater transparency and easy credit access. For processing of subvention on loans, the electronic platform has been devised by the Allahabad bank which is the nodal bank.

Modi Govt Launches PAiSA, Portal for Affordable Credit

On the launch, , Durga Shankar Mishra, Secretary, Ministry of Housing and Urban Affairs, said, "PAiSA is yet another effort by the government to connect directly with the beneficiaries, ensuring that there is greater transparency and efficiency in delivery of services. DBT of subvention on monthly basis under DAY-NULM will give the necessary financial support to small entrepreneurs in a timely manner".

By the year end all of the states including Union Territories, banks, regional rural banks and cooperative banks will be on board the portal.

The scheme is launched as part of the Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM).

Read more about: modi credit loan interest subvention
Story first published: Tuesday, November 27, 2018, 13:45 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more