Government launches ‘PAiSA’ Portal under National Urban Livelihoods Mission

The Union Ministry of Housing and Urban Affairs on November 26, 2018 launched the ‘PAiSA’ - Portal for Affordable Credit and Interest Subvention Access, a centralised electronic platform for quicker processing of loans under the Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM).

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.

All 35 States and Union Territories (UTs) & all scheduled commercial banks, RRBs and Cooperative Banks are expected to be on board the PAiSA portal the year end.

The web platform was designed and developed by Allahabad Bank, the nodal bank under the scheme.

National Workshop on Municipal Finance and Urban Planning

• The ‘PAiSA’ portal was launched during the course of a daylong National Workshop on Municipal Finance and Urban Planning organised by the Union Ministry of Housing and Urban Affairs.

• The workshop provided a platform to identify key areas of concern regarding municipal finance and urban planning and exploring the options available to resolve them by inviting senior 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.