JAN SAMARTH PORTAL Flashcards
Why in NEWS?
On June 6, 2022, Prime Minister Narendra Modi launched a “national portal for credit-linked government schemes” called “Jan Samarth Portal”.
Ease of living: Common portal ‘Jan Samarth’ for delivery of various schemes
The government intends to launch Jan Samarth, a unified platform for the delivery of multiple initiatives
administered by several ministries and departments, in order to make life easier for the average man. The new
portal will initially enrol 15 credit-linked government initiatives, as part of the Narendra Modi government’s
objective of minimum government maximal governance.
They noted that because some of the Centrally Sponsored Schemes include various agencies, the services will be
gradually increased based on compatibility.
Different ministries, for example, run initiatives like the Pradhan Mantri Awas Yojana and the Credit Linked Capital
Subsidy Scheme (CLCSS).
The proposed portal aims to put various schemes together on a single platform so that beneficiaries can access them
easily. State Bank of India and other lenders are doing pilot testing and tying up loose ends before the official launch,
according to the statement.
About PMO
Formed: 1947; 75 years ago (As Prime Minister’s Secretariat)
1977; 45 years ago (As Prime Minister’s Office)
Headquarters: New Delhi
Minister responsible: Narendra Modi, Prime Minister of India
Deputy Minister responsible : Jitendra Singh, Minister of State for Prime Minister’s Office
What is Jan Samarth Portal?
Jan Samarth Portal is a first-of-its-kind platform that will directly connect the beneficiaries to the lenders. The portal is an initiative of the Ministry of Finance, which serves as a one-stop gateway that links over a dozen government credit schemes. Before applying for a loan, beneficiaries can digitally check eligibility, apply online and receive digital approval, using the portal.
Special Feature of Jan Samarth Portal
The portal is unique in the sense it is the first of its kind. It connects beneficiaries directly to the lenders for loan application and processing under Credit-Linked Government Schemes.
There are a total of thirteen schemes under four loan categories which are linked to this portal.
The four loan categories are- education, agricultural infrastructure, business activity and livelihood.
The portal will have open architecture enabling state governments and other institutions to also onboard their schemes on this platform in the future.
The launch of the portal indicates that India is moving ahead with the approach of Citizen-Centric Governance, which is the fundamental aspect of Good Governance, leaving behind the government-centric approach.
Idea Behind Jan Samarth Portal
The goal of developing this portal is to encourage inclusive growth and development of several sectors.
This will be achieved by guiding them toward the appropriate government schemes and benefits through simple and easy digital processes.
It is important to highlight that this portal ensures end-to-end coverage of all the linked schemes.
The portal will benefit students, farmers, business owners, Micro, Small, and Medium Enterprise entrepreneurs, as well as the start-up ecosystem
Other Similar Portal- PSBLoansin59min
The government in 2018 had launched a portal “PSBLoansin59min” for various kinds of credit products, including MSME, home, auto and personal loans.
The portal facilitates in-principle approval of loans for MSMEs and other borrowers in 59 minutes by various state-owned banks compared to the earlier turnaround time of 20-25 days.
It is one of its kind platform in the MSME segment which integrates advanced fintech to ensure seamless loan approval and management. The loans are undertaken without human intervention till the sanction and or disbursement stage.
Good Governance Definition
The World Bank defines governance as ‘how power is exercised in the management of a country’s economic and social resources for development.’
According to a document released by the World Bank in 1992 titled, ‘Governance and Development’, good governance is an essential complement to sound economic policies and is central to creating and sustaining an environment which fosters strong and equitable development.
Components of Good Governance (according to the World Bank):
Capacity and efficiency in public sector management
Accountability
Legal framework for the development
Information and transparency
