Department of financial services launches Start-up Common Application on Jan Samarth portal

New Delhi: The department of financial services (DFS) under the finance ministry launched the Startup Common App Journey on the Jan Sammarth portal on Wednesday to support startups.

The initiative is supported by a model credit plan. ₹20 crore under the Start-ups Credit Guarantee Scheme under the Department for Promotion of Industry and Internal Trade. The platform integrates data sources such as PAN, GST, Udyam, ITRs and credit bureaus, ensuring faster processing and greater transparency. Special interest privileges are also provided to women entrepreneurs and inclusivity is encouraged.

Launched in June 2022, the Jan Samarth portal is a one-stop digital platform that connects beneficiaries with credit-related government programs and facilitates loan application and loan transactions.

The application form was launched by DFS secretary M. Nagaraju. The Startup Common App journey has been developed by the Indian Banks Association in collaboration with PSB Alliance.

Jan Samarth portal provides a single digital platform for startups to access loans across all PSBs. It now allows even start-ups to apply for loans, compare offers and seamlessly track their applications through a unified digital journey.

This launch marks a significant step towards creating a collaborative, technology-driven ecosystem for India’s growing start-up sector and reinforces the government’s commitment to empowering entrepreneurs in line with the Viksit Bharat 2047 vision, the finance ministry said in a statement.

Under the programme, startups will be provided loans within the framework of government guidelines. The startup must not have been in operation for more than 10 years and/or its turnover must not be more than 10 years. ₹100 crore.