JanSamarth Portal

National Portal Platform with a single window for all credit linked subsidy schemes

Government of India has initiated ATMANIRBHAR BHARAT ABHIYAN, a slew of economic measures to make the country self-reliant. Under this initiative, Government has introduced National Portal for Credit Linked Government Schemes called “JanSamarth”. National Portal is an online marketplace, which enables the loan aspirants to make their loan application online. The Platform would also have entire digital loan processing up to In-principle sanction stage integrated in the system.

Check your eligibility now on Jansamarth Portal  URL: https://www.jansamarth.in/apply/bob

• Availability of information on all credit linked subsidy schemes at a single place:
• Facility to check eligibility and loan application process without any intermediaries.
• Ease of completion of loan application process with minimal manual data entry. This will be possible through data pre-population from various sources like Aadhaar, PAN, IT Return, Bank Statement, Credit Bureau (CIBIL), Udyam Certificate (in case of business entity)
• Real time status tracking for loan application
• Real time status tracking for subsidy release

Retail Loans:

• Any individual (Salaried/Self-employed/Student) can apply for the loan under the above retail loan products;
• At the start of the application, beneficiary will be authenticated through OTP based Aadhaar verification and on successful verification, personal details will be pre-populated which will minimize the input by the borrower and also ensure data consistency.
• PAN entered by the borrower will be authenticated through integration with NSDL.
• National Portal is also integrated with CBDT systems, this integration enable the portal to fetch income details as per IT Return based on the entered PAN.
• Applicant needs to upload Bank statement as per the product guidelines. With an objective to simplify the process portal also has functionality for auto fetching of Bank statement based on the penny drop functionality for the convenience of applicant.
• Applicant’s credit history and details of existing liabilities will be fetched through integration with credit bureau and same will be digitally verified
• Further, applicant needs to provide additional data points like demographic details, Income projections, project details, loan requirement, existing loan details (if any). 
• Risk based scoring is carried out by the platform based on the various parameters such as demographic, CIBIL score, tenure of loan etc.
• Portal will run Business rule engine, assess the limit requirement and based on the data points fetched for the applicant and product parameters set by the banks a suitable product matching the requirements of the applicant is displayed.
• The applicant will have to select its preferred Bank and Branch of the preferred bank for further processing of the application.
• Finally, ‘Agreement in Principle’ will be provided for selected product to the applicant.

MSME Loans:

• Any self-employed individual, Sole Proprietor, Partnership Firm, Private Limited, LLP, SEP-G, SHG etc. can apply for the loan under this facility.
• The applicant needs to provide KYC details like PAN, Aadhar number, Voter ID number issued by Election commission of India and Udyam Registration.
• The applicant also need to provide income related document i.e. ITR, Bank Statement, and GST number.
• Portal has functionality to automatically fetch the income related information i.e. ITR/GST data/ Bank Statements details from original source after obtaining due consent from the applicant. Additionally, portal also has functionality to upload the Bank statement and ITR.
• Credit information for the applicant will directly be fetched from the Credit Information bureau.
• Further, applicant needs to provide additional data points like demographic details, Income projections, project details, loan requirement, existing loan details (if any). 
• Risk based scoring is carried out by the platform based on the various parameters such as demographic, CIBILscore, tenure of loan etc.
• Portal will run Business rule engine, assess the limit requirement and based on the data points fetched for the applicant and product parameters set by the banks a suitable product matching the requirements of the applicant is displayed.
• The applicant will have to select its preferred Bank and Branch of the preferred bank for further processing of the application.
• Finally, ‘Agreement in Principle’ will be provided for selected product to the applicant.

Agri Loans:

• Any self-employed individual, Sole Proprietor, Partnership Firm, Companies, Corporations, Co-operatives Marketing Federations, Autonomous Bodies of Government, SHGs, NGOs etc. can apply for the loan under this facility.
• The applicant needs to provide KYC details like PAN, Aadhar details, Udyam registration, ITR, Bank Statement, GST and other basic details.
• The ITR/GST data/ Bank Statements details uploaded by the applicant are analysed in real time to simplify decision making process.
• Finally, ‘Agreement in Principle’ will be provided for selected product to the applicant.

National Portal Platform will provide the seamless applicant journey up to ‘Agreement in Principle’ in simple steps for following products

1. Retail Loans: