New digital platform to streamline startup loan access across Public Sector Banks; loans up to ₹20 crore available under Credit Guarantee Scheme for Startups
New Delhi, November 12:
The Department of Financial Services (DFS) under the Ministry of Finance has launched the Startup Common Application Journey on the Jan Samarth Portal, providing startups with a unified digital platform to access credit facilities across all Public Sector Banks (PSBs).
The new feature was launched by M. Nagaraju, Secretary, DFS, during the Public Sector Banks Review Meeting held in New Delhi. The event was attended by senior officials from DFS, the Indian Banks’ Association (IBA), Managing Directors and CEOs of PSBs, and representatives from PSB Alliance. The platform has been developed jointly by IBA and PSB Alliance to simplify and digitize the startup loan process.
Unified Platform for Startup Credit Access
The Jan Samarth Portal now enables startups to apply for loans, compare offers, and track their applications through a seamless digital interface. Backed by a Model Loan Scheme, startups can avail of loans up to ₹20 crore under the Credit Guarantee Scheme for Startups (CGSS), which is managed by the National Credit Guarantee Trustee Company (NCGTC) under the Department for Promotion of Industry and Internal Trade (DPIIT).
The initiative integrates multiple government and financial data sources — including PAN, GST, Udyam Registration, Income Tax Returns (ITRs), and Credit Bureau data — to facilitate faster loan processing and improve transparency in decision-making.
Promoting Women Entrepreneurship and Financial Inclusion
Officials noted that the scheme includes special interest concessions for women entrepreneurs, further strengthening the government’s focus on inclusivity and gender equity in the startup ecosystem.
Speaking at the launch, DFS Secretary M. Nagaraju emphasized that the initiative represents “a major step towards creating a technology-driven, collaborative financial ecosystem to support India’s rapidly growing startup sector.” He added that the reform aligns with the vision of Viksit Bharat 2047, which seeks to empower entrepreneurs and enhance financial accessibility across sectors.
Streamlining Startup Financing Through Public Sector Banks
The Startup Common Application Journey is designed to enhance credit flow and simplify engagement between startups and PSBs, many of which are now adopting data-driven underwriting models. By standardizing the loan application process, the portal aims to reduce procedural delays and improve credit disbursement efficiency.
The DFS said the initiative underscores the government’s commitment to supporting innovation, entrepreneurship, and job creation through improved financial inclusion and transparency.
