About Jan Samarth Portal:
- It was launched in 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.
- Features of the Portal:
- It is a digital marketplace with front-end user interface for beneficiaries, integrated with 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.
- Applicant can apply for a loan on the portal which is available on 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 diverse range of beneficiaries.
- It has a dedicated grievance redressal channel for both beneficiaries and Banks.
