Jan Samarth Portal: Startup Common Application Journey
Why in the news
The Department of Financial Services opened a common route on Jan Samarth so startups can seek bank credit more easily.
Key facts
- Single window for loans from all Public Sector Banks, with offer comparison and live tracking.
- Pulls PAN, GST, Udyam, ITR and credit bureau data.
- Up to ₹20 crore under the Credit Guarantee Scheme for Startups (DPIIT); concessions for women entrepreneurs.
- Eligible: startups under 10 years old, turnover up to ₹100 crore.
Background
- Built by the Indian Banks’ Association with PSB Alliance; launched by M. Nagaraju.
- Jan Samarth has operated since June 2022.
Exam angle
- Department: DFS; guarantee scheme manager: DPIIT.