Finance Ministry Launches Startup Loan Platform on JanSamarth Portal for Easier PSB Credit Access
The Finance Ministry unveils a digital Startup Common Application platform on JanSamarth, enabling streamlined access to loans across all public sector banks.
The Finance Ministry on Wednesday launched a new feature on the JanSamarth portal aimed at providing startups with a single, digital gateway to access credit from public sector banks (PSBs).
Unveiled during a review meeting of PSBs, the Startup Common Application platform was developed by the Indian Banks’ Association (IBA) in collaboration with the PSB Alliance. It allows startups to apply for loans, compare offers, and track applications through a seamless, unified digital journey.
The platform is linked to JanSamarth, a digital portal connecting 14 credit-linked government schemes, and is supported by a Model Loan Scheme that offers credit up to ₹20 crore under the Credit Guarantee Scheme for Startups (CGSS) administered by the National Credit Guarantee Trustee Company (NCGTC) under the Department for Promotion of Industry and Internal Trade (DPIIT).
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“The platform integrates data sources such as PAN, GST, Udyam, ITRs, and credit bureaus, ensuring faster processing and greater transparency. Special interest concessions are also extended to women entrepreneurs, which further promotes inclusivity,” the ministry said.
Officials said the launch marks a significant step toward creating a collaborative, technology-driven ecosystem for India’s startup sector, aligning with the government’s vision of Viksit Bharat 2047.
The review meeting was chaired by Financial Services Secretary M. Nagaraju and attended by senior officials of the Department of Financial Services, IBA Chairman, MDs and CEOs of PSBs, MD & CEO of PSB Alliance, and other senior IBA officials.
During the meeting, PSBs’ financial performance for the second quarter of FY25 was reviewed. The banks posted a record cumulative profit of ₹49,456 crore, reflecting a 9% year-on-year growth despite two lenders reporting a decline. In the September quarter, all PSBs together made a profit of ₹45,547 crore, representing an absolute increase of ₹3,909 crore compared to the same period last year.
The new platform is expected to simplify loan access for startups across India, bringing transparency and efficiency to the funding process while supporting entrepreneurship and economic growth.
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Asiya Nayab is the Sr. News Editor and Features Writer at LAFFAZ, with over three years’ experience covering startups, technology, and business ecosystems across India, MENA, and the United States. She has reported on leading tech companies, high-growth startups, and landmark industry developments. A skilled researcher, Asiya creates clear, data-driven guides on entrepreneurship, digital marketing, business and legal services, finance, and consulting—demystifying complex topics into actionable insights. Her journalism empowers entrepreneurs and aspiring founders to make informed business decisions.
