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Ministry of Housing Launches Paisa - Portal for Affordable Credit & Interest Subvention Access

Capital Market 

A centralized electronic platform for processing interest subvention on loans to beneficiaries under Deendayal Antyodaya - (DAY-NULM) named "PAiSA - Portal for Affordable Credit and Interest Subvention Access", was launched yesterday. The has been designed and developed by which is the Nodal Launching the portal, Durga Shankar Mishra, Secretary, 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".

The portal was launched during the course of a day long National Workshop on and Urban Planning organised by the and provided a platform to identify key areas of concern regarding and urban planning, and exploring the options available to resolve them by inviting senior officials / experts to shed light on best practices. More than 300 delegates comprising officers from the States, Urban Local Bodies, Town Planning Offices across the country and Banks participated in the workshop.

All 35 states / UTs & all scheduled commercial banks, RRBs and Cooperative Banks are expected to be on board the PAiSA portal the year end.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 27 2018. 12:38 IST
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