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:

Esta historia es de la edición April 2023 de BANKING FINANCE.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

Esta historia es de la edición April 2023 de BANKING FINANCE.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

MÁS HISTORIAS DE BANKING FINANCEVer todo
The Future Of Banking: Voice Banking
BANKING FINANCE

The Future Of Banking: Voice Banking

The Banking industry has undergone a series of transformative changes over the years, driven by technological advancements. One of the most exciting and disruptive innovations in the financial sector is voice Banking.

time-read
10+ minutos  |
May 2024
RBI CIRCULAR
BANKING FINANCE

RBI CIRCULAR

1. Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies issued as a part of the Bi-monthly Monetary Policy Statement for 2024-25 dated April 05, 2024 read with Paragraph 1.10 of the 'Operating Guidelines for Small Finance Banks' dated October 6, 2016.

time-read
4 minutos  |
May 2024
UNLOCKING SOCIAL IMPACT: THE RISE OF SOCIAL BONDS IN SUSTAINABLE INVESTING
BANKING FINANCE

UNLOCKING SOCIAL IMPACT: THE RISE OF SOCIAL BONDS IN SUSTAINABLE INVESTING

In the context of financial markets, social bonds refer to a specific type of bond issued by governments, municipalities, or organizations to raise capital for projects with social or environmental benefits.

time-read
6 minutos  |
May 2024
MODERN AND CREATIVE WAYS OF MONEY LAUNDERING: A SNEAK PEEK IN MODUS OPERANDI
BANKING FINANCE

MODERN AND CREATIVE WAYS OF MONEY LAUNDERING: A SNEAK PEEK IN MODUS OPERANDI

Every year, an astonishing $800 billion to $2 trillion circulates through the global economy as laundered money, making up 2-5% of global GDP.

time-read
8 minutos  |
May 2024
TRANSFORMING FINANCE: UNDERSTANDING THE EVOLUTION OF FINTECH INNOVATION AND REGULATORY FRAMEWORKS
BANKING FINANCE

TRANSFORMING FINANCE: UNDERSTANDING THE EVOLUTION OF FINTECH INNOVATION AND REGULATORY FRAMEWORKS

The constantly evolving field of financial technology, or FinTech, has brought about a significant transformation of the world's financial scene.

time-read
5 minutos  |
May 2024
FINTECHS: ISSUES AND CHALLENGES
BANKING FINANCE

FINTECHS: ISSUES AND CHALLENGES

Fintech is a combination of two words \"financial\" and \"technology\".

time-read
8 minutos  |
May 2024
WHY CBDC WHEN WE HAVE UPL..??
BANKING FINANCE

WHY CBDC WHEN WE HAVE UPL..??

The world is rushing to develop Cash 2.0. Globally, central banks are in pursuit of Central Bank Digital Currency (CBDC) projects.

time-read
5 minutos  |
May 2024
Insolvency's Group Tangle
BANKING FINANCE

Insolvency's Group Tangle

The Insolvency and Bankruptcy Code (IBC) has been around for nearly seven years, and in these seven years, it has been amended six times. However, it is yet to address a significant concern: group insolvencies.

time-read
4 minutos  |
February 2024
Why mot retirees don't find refuge in reverse mortgage
BANKING FINANCE

Why mot retirees don't find refuge in reverse mortgage

It would be the deal of the century, or so Andre-Francois Raffray could have thought. The Frenchman had in December 1965 stuck a deal with 90-year-old Jeanne Calment to pay her 2,500 francs every month until she died.

time-read
5 minutos  |
February 2024
The rise and rise of mutual funds
BANKING FINANCE

The rise and rise of mutual funds

It is curious that the cake cutting and champagne popping that accompanied the Nifty's new lifetime high in recent weeks, was not in evidence when the mutual fund industry topped Rs. 50 lakh crore in assets.

time-read
4 minutos  |
February 2024