National Urban Livelihoods Mission (DAY-NULM), Conferred the Prestigious SKOCH Governance Gold Award

  1. Deendayan Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) has been conferred the prestigious SKOCH Governance Gold Award. DAY-NULM has been awarded for its Portal for Affordable Credit and Interest Subvention Access (PAiSA)
  2. PAiSA was launched in 2018. It is a centralized IT platform which simplifies and streamlines release of interest subvention under the Mission. It offers end to end online solution for processing, payment, monitoring and tracking of interest subvention claims from banks on a monthly basis.
  3. DAY-NULM is a mission under the Ministry of Housing and Urban Affairs. It aims to reduce poverty and vulnerability of the urban poor households by enabling them to access gainful self-employment and skilled wage employment opportunities.
  4. SKOCH Award, instituted in 2003, is the highest civilian honour in the country conferred by an independent organisation. It recognises the best of efforts in the area of digital, financial and social inclusion