Jan Samarth Portal : Completes 4 Years
Jan Samarth completes 4 years of its journey and it continues to strengthen financial inclusion through seamless credit delivery.
- Jan Samarth Portal is a unique digital platform for credit-linked government schemes launched in 2022.
- It was conceptualised with the twin objectives of expanding the reach of government-sponsored schemes and streamlining the credit delivery process.
- It facilitates ease of access to all beneficiaries, financial institutions, Central/State Government Agencies, and Nodal Agencies.
- It connects various stakeholders of the financial ecosystem on a single platform and promotes inclusive development and ease of doing business.
- It is available in 8 different languages for ease of access to rural and underprivileged population in the country.
- 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 has a dedicated grievance redressal channel for both beneficiaries and Banks.
