The Union Ministry of Housing and Urban Affairs on November 26, 2018, launched the ‘PAiSA’ – Portal for Affordable Credit and Interest Subvention Access, a centralized 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 the 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 organized 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.
Deen Dayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM)
The Deen Dayal Antyodaya Yojana – National Urban Livelihoods Mission extends coverage to all the 4041 statutory cities and towns, thereby covering almost the entire urban population.
The mission aims to provide the shelter equipped with essential services to the urban homeless in a phased manner to reduce poverty and vulnerability of the urban poor households.
The scheme addresses the livelihood concern of the urban street vendors by facilitating with suitable space, institutional credit, and social security and skills to the urban street vendor for accessing emerging market opportunities.
The core belief of National Urban Livelihoods Mission is that the poor are entrepreneurial and have an innate desire to come out of poverty. The challenge is to unleash their capabilities to generate meaningful and sustainable livelihoods.
NULM believes that any livelihood promotion programme can be scaled up in a time-bound manner only if driven by the poor and their institutions.