The Department of Financial Services (DFS), Ministry of Finance, has launched the Startup Common Application Journey on the Jan Sammarth Portal, providing a unified digital platform for startups to access credit across all Public Sector Banks (PSBs).

The new feature was unveiled by Shri M. Nagaraju, Secretary, DFS, during the Public Sector Banks Review Meeting in New Delhi, in the presence of senior officials from DFS, the Indian Banks’ Association (IBA), PSB Alliance, and PSB leadership. Developed by the IBA in collaboration with PSB Alliance, the initiative aims to simplify and accelerate the credit application process for startups.

The portal allows startups to apply for loans, compare offers, and track applications digitally. Backed by a Model Loan Scheme, it offers loans up to ?20 crore under the Credit Guarantee Scheme for Startups (CGSS) managed by NCGTC, under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT).

By integrating data sources such as PAN, GST, Udyam, ITRs, and credit bureaus, the platform ensures faster loan processing and enhanced transparency. Additionally, special interest concessions for women entrepreneurs have been incorporated to promote financial inclusivity.

The initiative represents a major step toward fostering a technology-driven and collaborative startup ecosystem, reinforcing the government’s commitment to empowering entrepreneurs in line with the vision of Viksit Bharat 2047.