Launch of recent digital platforms by the government like DigiLocker, eNAM (e-trading platform for the National Agriculture Market), AI-driven research portal SUPACE (Supreme Court Portal for Assistance in Courts Efficiency), CoWIN platform, National Single Window Platform, etc. which have worked wonders as far as information delivery, public use, notice circulations, availing services, bookings and record-keeping, etc, is concerned. These have also become a means of transparency and accessibility and even grievance addressal in some cases. The National Data & Analytics Platform (NDAP) that was launched by NITI Aayog for free public use recently, ensures the same. It makes data accessible, interoperable, interactive, and available on a user-friendly platform, which intends to democratise access to public government data. ‘Jan Samarth’ portal is yet another skyrocketing idea of the Government to cut the clutter and establish a direct connect with public.
Launching of the national portal for credit linked government schemes – ‘Jan Samarth’, may prove to be a game changer for the economy, as it gives a big boost to the inclusive growth and development of various sectors by guiding and providing the beneficiaries with the right type of government benefits through simple and easy digital processes. It promises to improve the ease of living for those who presently have to face much hassle in the lending process. In absence of human interventions in the approval – red tap, human eccentricities and corruption would cease to exist in the process, paving way for a transparent setup, greater growth of the economy and judicious and rational utilization of the human resources.
Being first of its kind platform, ‘Jan Samarth’ is a one stop digital portal linking government credit schemes, which directly connects beneficiaries to lenders. The portal ensures end to end coverage of all the linked schemes by bringing all kinds of government schemes on a single platform, making them easily accessible for the people and without much puzzle. The portal is a universal platform for delivery of various schemes being run by the various ministries and departments of the government. Working on the ideals of minimum government maximum governance, this nationwide portal plans to initially onboard 13 credit linked government schemes and the offerings will gradually be expanded, which will depend on compatibility, since a few Centre sponsored welfare and credit linked schemes involve multiple government departments/agencies/ministries.
The portal uses smart analytics and technologies that provide guidance to beneficiaries for checking subsidy, eligibility and the auto recommendation system that recommends the suitable schemes as per the requirements and credentials of the beneficiaries. The entire lending process is automated and based on digital verifications to make it simple, speedy, and hassle-free. Being integrated with the governments’ Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), the new portal helps in receiving in-principal approval of loans for MSMEs and after receiving in-approval, the loan is expected to be disbursed in a few days as the loan application process doesn’t have any human interventions, rather it depends on advanced algorithms to analyse data points from sources like income tax return, GST data, banks accounts among others.
Jan Samarth Portal has multiple integrations with UIDAI, CBDT, NSDL, LGD and other such organisations to make the processes smooth for both beneficiaries and lenders. It does enable beneficiaries to choose from multiple options being offered by various lending financial institutions on the portal. Presently, the platform has more than 10 nodal agencies and over 125 lenders with four broad loan categories – education, business, livelihood and agriculture related infrastructure loan. To avail the loan, beneficiaries first need to check their eligibility by providing answers to few simple questions under the selected loan category. When found eligible, they can proceed to provide the required details and documents. Upon submitting the details, people are recommended to select the schemes based on their needs and then they need to proceed to apply online for the selected scheme to receive digital approval.
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