The Department of Financial Services (DFS) under the Ministry of Finance has launched the Start-up Common Application Journey on the Jan Samarth Portal, offering a unified digital platform for start-ups to access credit across all Public Sector Banks (PSBs).
The launch took place during the Public Sector Banks Review Meeting in New Delhi and was led by Shri M. Nagaraju, Secretary, DFS, in the presence of senior officials from DFS, the Chairman of the Indian Banks’ Association (IBA), Managing Directors and Chief Executive Officers of PSBs, the MD & CEO of PSB Alliance, and other senior IBA representatives. Developed jointly by the IBA and PSB Alliance, the initiative aims to simplify and streamline the credit application process for start-ups through a single, integrated platform.
The Jan Samarth Portal enables start-ups to apply for loans, compare offers, and track their applications seamlessly within a unified digital framework. Supported by a Model Loan Scheme, the initiative provides loans of up to Rs 20 crore under the Credit Guarantee Scheme for Startups (CGSS) managed by NCGTC and operating under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT).
The platform integrates key data sources such as PAN, GST, Udyam registration, Income Tax Returns, and Credit Bureaus, ensuring faster processing, reduced documentation, and greater transparency. In addition, special interest concessions for women entrepreneurs have been introduced to encourage inclusivity within the start-up ecosystem.
This launch marks a significant step towards creating a collaborative and technology-driven framework for India’s start-up sector, further reinforcing the government’s commitment to empowering entrepreneurs and advancing the vision of Viksit Bharat 2047.
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