Are you Ready for Insta 75 Days Revision Plan (UPSC Prelims - 2020)?
- Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
- 2. Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes
“Paisa – Portal for Affordable Credit & Interest Subvention Access”, Launched under Day-NULM
Context: PAiSA – A centralized electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM).
It is designed and developed by Allahabad Bank (Nodal bank).
Benefits of PAiSA:
- Another effort by the government to connect directly with the beneficiaries for ensuring 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.
All 35 States/UTs & all scheduled commercial banks, RRBs and Cooperative Banks are expected to be on board the PAiSA portal the year end.