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Prime Minister Narendra Modi will launch the Jan Samarth Portal, the national portal for government credit-related schemes, during the Ministry of Finance and Ministry of Corporate Affairs’ ‘Significant Week Celebrations’ in Vigyan Bhawan today.

According to the PMO, the Jan Samarth Portal is a unique digital portal linking government credit systems that directly connects recipients to lenders.

PM Modi will also inaugurate a digital exhibition, which traces the journey of the two ministries, Finance and Corporate Affairs, over the past eight years. It will also launch a special series of Rs 1, Rs 2, Rs 5, Rs 10 and Rs 20 coins which will carry the logo of “Azadi Ka Amrit Mahotsav” (AKAM) and will also be identifiable by visually impaired people.

What is the Jan Samarth Portal?

Jan Samarth Portal is a digital portal linking 13 credit-related government schemes on one platform.

The portal will be used to obtain end-to-end coverage of all processes and activities of all linked plans.

The portal uses smart analytics and technologies that provide guidance to recipients to verify grant eligibility and the automatic recommendation system recommends suitable programs based on recipient requirements and credentials. The entire loan process is automated and based on digital verifications to make the process simple, quick and hassle-free.

Jan Samarth Portal has several integrations with UIDAI, CBDT, NSDL, LGD etc. to make processes smooth for beneficiaries and lenders. The Jan Samarth Portal allows beneficiaries to choose from multiple options offered by the various member credit institutes present on the portal. The platform currently has more than 10 nodal branches and more than 125 lenders on board.

How to apply for a loan?

Currently, there are four categories of loans: education loans, business loans, livelihood loans and agricultural infrastructure loans.

Beneficiaries must first verify their eligibility by answering a few simple questions in the selected loan category.

If they are eligible, they can then provide their contact details and the required documents.

Once the details are submitted, beneficiaries will be recommended a selection of plans based on their needs and they can proceed with the online application for the selected plan to receive digital approval.

(Edited by : Sudarsanan Mani)


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