JAN SAMARTH:A DIGITAL FULCRUM FOR CREDIT LINKED SCHEME
BANKING FINANCE|April 2023
The Prime Minister of India Shri Narendra Modi has launched Jan Samarth Portal on 6th June 2022 which is focused to connect beneficiaries directly to lenders
JAN SAMARTH:A DIGITAL FULCRUM FOR CREDIT LINKED SCHEME

The Initiative of Central Government:

Jan Samarth is the new digital initiative of the Central Government for Atmanirbhar Bharat. The portal is named as National Portal for Credit linked government schemes.

As per the directive from Government of India, Ministry of Finance Department of Financial Services, a national portal is created for Credit Linked Government Schemes named 'Jan Samarth' for streamlining the process of credit delivery through a digital platform that will provide a single interface for multiple stakeholders. This is first of its kind of digital  platform directly connecting lenders with beneficiaries. It will improve the ease of living for the common man.

It is unique digital portal linking 13 credit-linked government schemes on a single platform for the ease of access to all the beneficiaries and related stake holders. The core objective of Jan Samarth Portal is to promote inclusive growth and development of various sectors by guiding and providing them to the right type of government benefits through simple and easy digital process. The portal ensures end to end coverage of all the processes and activities of all the linked schemes.

The portal uses cutting edge technologies and smart analytics to provide intuitive guidance to beneficiaries for checking subsidy eligibility and auto recommendation system offers best suitable schemes as per beneficiary's requirements and credentials. Advanced technologies automate entire lending processes based on digital verifications making the entire process simple, speedy and hassle free. The portal ensures end to end coverage of all the linked schemes.

This portal will connect various stake holders of the financial eco system on a single platform to promote inclusive development and ease of doing business. The portal will connect the following:

Diese Geschichte stammt aus der April 2023-Ausgabe von BANKING FINANCE.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der April 2023-Ausgabe von BANKING FINANCE.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BANKING FINANCEAlle anzeigen
'Deep Fake' - an emerging risk for Banking & Financial Sector
BANKING FINANCE

'Deep Fake' - an emerging risk for Banking & Financial Sector

Deepfake KYC fraud is a growing concern in India, where fraudsters leverage AI-generated deepfake videos and images to bypass Know-Your-Customer (KYC) verification processes. This has significant implications for financial institutions, fintech companies, and other organizations that rely on KYC to verify the identity of their customers.

time-read
1 min  |
December 2024
RBI CIRCULAR
BANKING FINANCE

RBI CIRCULAR

Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) - November 11, 2024

time-read
4 Minuten  |
December 2024
India's Fiscal Discipline: A Path to Economic Stability and Growth
BANKING FINANCE

India's Fiscal Discipline: A Path to Economic Stability and Growth

In a significant economic development, the fiscal deficit for the financial year 2023-2024 (FY24) has been recorded at 5.6% of GDP, falling below the government's revised estimate. This unexpected positive outcome highlights effective fiscal management and a recovering economy, offering a ray of optimism amidst global economic uncertainties.

time-read
6 Minuten  |
December 2024
Augmenting Productivity by Embracing Employee Engagement
BANKING FINANCE

Augmenting Productivity by Embracing Employee Engagement

As the world's largest coffeehouse chain, Starbucks is a brand that understands the value its employees add to the business. At Starbucks, every employee knows they are valued members of the team. It took Starbucks some time to do this. They have prioritized implementing employee-friendly rules from the beginning.

time-read
10+ Minuten  |
December 2024
Ethics in Artificial Intelligence: Navigating the Future Responsibly
BANKING FINANCE

Ethics in Artificial Intelligence: Navigating the Future Responsibly

Ethics in AI encompasses a wide range of issues, including fairness, accountability, transparency, and the potential for bias. At the core of these discussions lies the question: How do we ensure that AI serves humanity rather than undermines it? As AI systems increasingly influence critical areas such as healthcare, finance, and law enforcement, the stakes are high.

time-read
8 Minuten  |
December 2024
Digital Banking: The Need of the Hour
BANKING FINANCE

Digital Banking: The Need of the Hour

Development of an economy, especially economic growth primarily depends on industrial development. The industries depend on financial institutions support for funds especially from banks. Banks encourage individuals save and mobilise funds from bank deposits.

time-read
10+ Minuten  |
December 2024
Cyber Crimes in Banking: India's Battle Against the Digital Menace
BANKING FINANCE

Cyber Crimes in Banking: India's Battle Against the Digital Menace

The increasing adoption of digital banking services has transformed the way Indian consumers engage with banks. According to research from the Reserve Bank of India (RBI), the country's digital payment ecosystem expanded by approximately 55% between 2021 and 2023.

time-read
5 Minuten  |
December 2024
Legal News
BANKING FINANCE

Legal News

The Supreme Court (SC) ruled that clauses allowing public sector undertakings (PSUs) to unilaterally appoint arbitrators to resolve disputes with private contractors are invalid.

time-read
5 Minuten  |
December 2024
The Rise Of Green Marketing: Driving Sustainable Change
BANKING FINANCE

The Rise Of Green Marketing: Driving Sustainable Change

Green marketing refers to the practice of promoting products or services that are environmentally friendly or sustainable. It involves incorporating eco-friendly elements into various aspects of marketing strategies, including product development, packaging, advertising, and distribution.

time-read
9 Minuten  |
November 2024
ICICI Bank partners with PhonePe to offer instant credit on UPI
BANKING FINANCE

ICICI Bank partners with PhonePe to offer instant credit on UPI

ICICI Bank announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company.

time-read
1 min  |
November 2024