Jan Samarth Portal

Jan Samarth Portal Latest News

Recently, over 41 lakh applications amounting to ₹1,06,306 Crores processed through Jan Samarth portal.

About Jan Samarth Portal

• It was launched on 6th June 2022.
• It was conceptualized with the twin objectives;
  • Increasing the reach of the Government sponsored schemes.
  • Streamlining the credit delivery process for all the stakeholders, through a multitude of credit linked Government schemes.
• The portal facilitates ease of access to all beneficiaries, financial institutions, Central/State Government Agencies, and Nodal Agencies.

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Features of the Jan Samarth Portal

• It is a digital marketplace with front-end user interface for beneficiaries, integrated with a wide range of centralized data sources. 
• It eases the loan application and disbursement process as the applicant can upload his application and the rule engine for approval of the applications is inbuilt.
• Applicants can apply for a loan on the portal which is available on a 24/7 basis.
• It provides a single-window facility for 15 Credit-linked Central Government Schemes application submissions and 254 Member Lending Institutions (including all Public Sector Banks) to choose from.
• The portal will check eligibility, give in-principle sanction and send the application to the selected Bank branch.
• It will also keep the beneficiaries updated at each stage of the journey, without necessitating multiple physical visits to bank branches.
• It is available in 8 different languages catering to the credit needs of a diverse range of beneficiaries. 
• It has a dedicated grievance redressal channel for both beneficiaries and Banks.

Source: PIB