Which bank has designed and developed PaiSA portal for quicker processing of loans under the Deendayal Antyodaya Yojana – National Urban Livelihoods Mission?
Answer with explanationAnswer: Option D
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). The web platform was designed and developed by Allahabad Bank, the nodal bank under the scheme.
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