Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1692)
1692.
Which bank developed the PaiSA portal for processing interest subvention on bank loans to beneficiaries under DAY-NULM?
Answer: Option
Explanation:
The government launched a centralised electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM), called 'Paisa'. PAiSA, or `Portal for Affordable Credit and Interest Subvention Access', is a web platform designed and developed by Allahabad Bank, which is the nodal bank.
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