Modi govt launches PAiSA, Portal for Affordable Credit, to connect directly with loan beneficiaries
Launching the portal, 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”.
Notably, all 35 states/ UTs and all scheduled commercial banks, RRBs and Cooperative Banks are expected to be on board the PAiSA portal the year end. Image source: allbankcare.in