What is Jan Samarth Portal?
The Jan Samarth portal is an online platform that enables MSMEs to apply for government loans and other financial assistance. The Ministry of Micro, Small, and Medium Enterprises (MSME) launched the portal in 2019.The portal provides a single window for all MSME services, including registration, certifications, loan applications, and status tracking. The portal is named after Jan Sangh founder Shyama Prasad Mukherjee.
The Jan Samarth portal aims to help different sectors grow by connecting people with the right financial assistance and benefits. It offers a simple, easy-to-use online platform where users can check if they qualify for various schemes and subsidies. Based on their profile and needs, the portal suggests suitable options. The entire process, including verification, happens online, ensuring it is quick, clear, and hassle-free.
A single digital platform brings together different groups to promote growth and make business easier. The key participants include:
- Applicants (beneficiaries): People or businesses seeking support.
- Lenders and Financial Institutions: Over 200 organizations providing loans and financial assistance.
- Central/State Government Ministries: Government departments involved in the process.
- Nodal Agencies: Key organizations managing and coordinating the activities.
- Facilitators: Individuals or entities helping with the process.
Features And Benefits of Jan Samarth Portal
| Features | Benefits |
| Online registration: MSMEs can register on the portal by providing basic information such as name, address, type of business, etc. | Easy access to government schemes and services: The portal provides a single window for all services related to MSMEs to help reduce time and cost. |
| Loan application: MSMEs can apply for loans online through the portal. They can track the status of their loan application and view the list of documents required for the loan. | Reduced paperwork: The portal will help reduce the paperwork associated with various government schemes and services. |
| Certification: MSMEs can apply for various certifications, such as ISO 9001, through the portal. | Faster loan approval: The portal will help speed up the loan approval process for MSMEs. |
| Scheme tracking: The portal provides information on various government schemes for MSMEs. It also allows MSMEs to track the status of their applications for these schemes. | Improved transparency: The portal will improve the transparency of government schemes and services for MSMEs. |
| Status tracking: The portal provides a facility for MSMEs to track the status of their applications for various services, such as registration, loan, certification, etc. | Enhanced access to capital: The portal will provide access to capital for MSMEs through its online loan application facility. |
| Competitive interest rates: The interest rate for Jan Samarth Yojana is lower than the average interest rate charged by banks and other financial institutions for agricultural loans. This makes it easier for farmers to repay their loans. | |
| Easy eligibility criteria: The eligibility criteria for Jan Samarth loans is simpler compared to other types of agricultural loans. This makes it easier for farmers to apply and get approved for the loan. | |
| Flexible repayment options: Jan Samarth loans offer flexible repayment options, which help farmers to choose a repayment plan that suits their circumstances. |
7 Loans Covered Under The Jan Samarth Yojana
Currently, the platform offers 7 loan categories, each with various schemes designed for specific groups of people and sectors. After registering on the Jan Samarth Portal, users can check their eligibility and apply for suitable loan schemes. The portal also gives suggestions based on the applicant’s profile and loan needs.
Here’s a table showing the schemes and their details covered under the Jan Samarth Yojana in India:
| Loan Category | Scheme Name | Details |
|---|---|---|
| e-Kisan Upaj Nidhi | e-Kisan Upaj Nidhi (EKUN) | Provides financial support to farmers for marketing agricultural produce and improving income through better post-harvest facilities. |
| Agri Loan – Kisan Credit Card | Kisan Credit Card (KCC) | Provides short-term credit to farmers for crop production, purchase of inputs, and other agricultural activities. |
| Kisan Credit Card-Fisheries (KCCFIM) | Tailored for fisheries, providing credit for fish farming and related activities. | |
| Renewable Energy | Roof-top Solar Installation Financing (SOLAR) | Offers financial support for installing rooftop solar panels to promote clean and renewable energy solutions. |
| Agri Infrastructure Loan | Agri Clinics and Agri Business Centers Scheme (ACABC) | Aims to establish agricultural clinics and business centers for providing technical services to farmers. |
| Agriculture Marketing Infrastructure (AMI) | Supports the creation of infrastructure for marketing agricultural produce effectively and efficiently. | |
| Agriculture Infrastructure Fund (AIF) | Provides funding for creating and improving agricultural infrastructure to boost farming and rural development. | |
| Business Activity Loan | Prime Minister’s Employment Generation Programme (PMEGP) | Provides credit for setting up small businesses and generating employment opportunities in rural and urban areas. |
| Weaver Mudra Scheme (WMS) | Provides financial assistance to weavers to improve their productivity and enhance the livelihood in the textile industry. | |
| Pradhan Mantri MUDRA Yojana (PMMY) | Offers micro-finance support to small businesses, especially in manufacturing, trading, and service sectors. | |
| Pradhan Mantri Street Vendor Aatmanirbhar Nidhi Scheme (PM SVANidhi) | Supports street vendors with working capital for their daily operations and business growth. | |
| Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) | Provides financial aid to rehabilitate manual scavengers and support their transition into sustainable livelihoods. | |
| Stand Up India Scheme | Provides financial assistance for setting up greenfield businesses by women and SC/ST entrepreneurs. | |
| Livelihood Loan | Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) | Aims to provide financial support and create self-employment opportunities in rural areas through skill development and capacity building. |
| Education Loan | Central Sector Interest Subsidy (CSIS) | Provides interest subsidy on education loans to students from economically weaker sections pursuing higher education. Here are 10 Government subsidies For Businesses that one should look after once. |
Documents Required For Jan Samarth Portal Registration
The following documents are required for registering on the portal:
- Aadhaar Card
- PAN Card
- Bank account details
- Income tax return filings for the last three years
- GST registration certificate (if applicable)
- Company registration certificate (for registered businesses only)
- Partnership deed (for partnership businesses only)
- Proprietorship declaration (for proprietorship businesses only)
- Address proof (electricity bill, water bill, etc.)
- KYC documents (if applicable)
How to Register on the Jan Samarth Portal?
Jan Samarth Portal Registration is quite simple, secure, and fully online. The process includes OTP verification to ensure safety, and the portal is SSL-encrypted to protect your personal information.
Follow these steps to register:
- Visit the Jan Samarth Portal
Go to the official website: www.jansamarth.in. - Click on ‘Register’
Find the Register button in the top-right corner of the homepage. - Enter Your Mobile Number
Provide your mobile number and type the captcha shown on the screen. - Get OTP
Click on Get OTP to receive a one-time password on your phone. - Verify and Complete Registration
Enter the OTP to verify your number, fill in the required details, and finish the registration process.
After Jan Samarth portal registration, you can log in and start your loan application journey.
How to Log in to the Jan Samarth Portal?
Here are few crucial steps to follow for Jan Samarth Portal Login:-
- Register First
If you are a new user, complete the registration process before logging in. - Steps to Log in for General Users
- Go to the JanSamarth Portal.
- Click on the ‘Login’ button located at the top-right corner.
- Enter your registered mobile number or email ID and the captcha code.
- Click on ‘Login’ to access your account.
- Steps to Log in for Other Users (e.g., Bankers, Ministries, Agencies)
- Choose the appropriate login category from the dropdown (e.g., Banker, Nodal Agency, Ministry, Partner).
- Enter your email ID or mobile number and the captcha code.
- Click ‘Login’ to proceed.
How to Apply for a Loan on Jan Samarth Portal?
The process to apply for a loan on JanSamarth is easy and simple. Here are the steps:
- Log in to the Portal
Access your account by logging in. - Select a Loan Scheme
- Hover your mouse over the “Schemes” option on the homepage banner.
- Choose the loan type you want (e.g., Agri loan, business loan, education loan).
- Check Eligibility
- Scroll down the page for your selected scheme.
- Click on ‘Check Eligibility’.
- Fill in the details requested on the page.
- Confirm Eligibility
- If you meet the requirements, the website will show a message saying, ‘Congratulations, you are eligible’.
- Apply for the Loan
- Scroll down to find the ‘Apply’ option and click it.
- Fill out the application form and upload the required documents.
- View Loan Offers
- You will see loan offers from different lenders and can choose a bank for digital approval.
How to Check Your Jan Samarth Loan Status?
To check the status of your loan application, follow these simple steps:
- Log in to Your Account
Go to the homepage and log in. - View Your Applications
Click on ‘My Applications’ to see your loan details. - Check Loan Status
Enter your credentials to view the current status of your loan application.
Conclusion
The Samarth portal is a one-stop shop for all MSME-related services. It provides a convenient and easy way for MSMEs to apply for various services, such as registration, loan, certification, etc. The portal also allows MSMEs to track the status of their applications and view the list of documents required for availing of these services. In addition, the portal provides information on various government schemes for MSMEs and allows them to track the status of their applications for these schemes.
FAQs
How To Use The Jan Samarth Portal?
The Samarth portal can be accessed through the website www.samarth.gov.in. MSMEs can register by providing basic information such as name, address, and type of business, apply for various services and government schemes, track the status of their applications, and view the list of documents required for availing of these services.
What is the Eligibility Criteria For Jan Samarth Portal?
To be eligible for the benefits offered by the Jan Samarth Yojana, you must be a small business with an annual turnover of less than Rs. 5 crores.
What are the interest rates for loans availed through Samarth Portal?
The lending institution will decide the interest rates for loans availed through the portal. However, the government has set a ceiling of 14% per annum for all loans availed through the portal.
What is the repayment period for loans availed through Jan Samarth Portal?
The lending institution will decide the loan repayment period through the portal. However, the government has set a maximum repayment period of 5 years for all loans availed through the portal.
What is the late payment penalty for loans availed through Jan Samarth Portal?
The lending institution will decide the late payment penalty for loans availed through the portal. However, the government has set a maximum late payment penalty of 2% per month for all loans availed through the portal.