‘Jan Samarth’: Prime Minister Modi launches online program for loan seekers
Prime Minister Narendra Modi on Monday launched a program under which bank loan seekers in the country can apply for loans digitally and get approval online on a single platform without having to run from a pillar in office.
The program called “Jan Samarth” includes four categories of loans – education, agro-infra, livelihoods and business, and more than 125 lenders on the platform.
“Instead of going through different websites of different ministries, it is better if he has access to an Indian government portal for the solution of his problems. Today, the ‘Jan Samarth’ portal has been launched for this purpose. Now, all credit related programs of the Indian government will not be available on different microsites but in one place,” Modi said while launching the program.
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More emphasis has been placed on the program for young people, who can set up a business of their choice and run it hassle-free.
“Now the young and middle classes of the country have a platform in the form of Jan Samarth for end-to-end delivery. With simpler and minimal procedures, it is also natural that more and more people present to take out loans. This portal will play an important role in increasing self-employment and benefiting all beneficiaries of government schemes,” he said.
The portal also aims to help students, who can easily get information about government programs that will be most useful to them.
He urges bankers to increase their participation as much as possible to facilitate young people’s access to loans and to make the Jan Samarth portal a success.
The Prime Minister also stressed the need to make Indian banks and currency an important part of international trade and supply chain.
Modi also launched coins of Re 1, Rs 2, 5, 10 and 20 denominations with Azadi Ka Amrit Mahotsav. These parts will be distributed soon.
“These new series of coins will remind people of the purpose of Amrit Kal and motivate people to work for the development of the country,” Modi said while addressing the iconic weekday celebration.