A Complete Guide on JanSamarth Portal Education Loans
Education Loan

A Complete Guide on JanSamarth Portal Education Loans

A Complete Guide on JanSamarth Portal Education Loans

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Know about JanSamarth portal, a government education loan service. GyanDhan brings a complete guide on JanSamarth portal registration, documents required, eligibility & more.

GyanDhan

Ananya Ghai

Updated on: 30 Jan 2024

The Indian government has initiated the Atmanirbhar Bharat Abhiyan scheme to make the country more self-reliant economically. As part of this effort, they have introduced an online portal “JanSamarth," which serves as a one-stop solution for applying to various government schemes that provide financial support. This online platform allows people to apply for loans and scholarships. The website also handles the entire digital loan processing, including getting an initial approval, all in one place.

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What is the JanSamarth portal?

The JanSamarth portal is designed for individuals looking for loans connected to 13 credit schemes. It was launched as part of the Pradhan Mantri credit-linked subsidy scheme. Users can quickly determine their eligibility by applying online for loans and receiving digital approval through a simple process.

 

Check Your Education Loan Eligibility

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How to register on the JanSamarth portal?

To register on the portal, individuals can enter their mobile number and email ID, followed by completing the OTP authentication process. Below are the steps to register on the portal.


Step 1 - Visit the JanSamarth official website

Step 2 - Click on the 'Register' tab

Step 3 - Fill in the registration form

Step 4 - Request and enter the OTP

After successful OTP verification, your registration on the Jan Samarth portal is complete.

Also know about Vidya Lakshmi Portal Education Loans

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How to apply for a loan on the JanSamarth portal?

The process below streamlines the application journey by presenting scheme details, allowing scheme selection, and seamlessly directing applicants to the relevant scheme or bank for online form completion.

Step 1 - Go to the official JanSamarth portal.

Step 2 - On the homepage, locate and click on the 'Schemes' button.

Step 3 - Choose the relevant loan category and select the specific government scheme.

Step 4 - Review scheme details and click on 'Check Eligibility.'

Step 5 - Enter your mobile number, complete the captcha, and enter the OTP received on your mobile and submit.

Step 6 - Complete the registration form, provide details, and upload the required documents. Click submit.

Step 7 - Choose from offers provided by over 200 lenders for digital approval.

Note - you can also track the status of your loan application.

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Loan schemes available on the JanSamarth portal 

The JanSamarth portal enables Indian citizens to explore and apply for credit under different Central Government schemes. The four loan categories available on the portal include:

  1. list items Education loan 

These schemes aim to support economically weaker sections in pursuing education by providing interest subsidies on education loan, with specific criteria related to institutions, levels of study, and income limits.

 

Central Scheme for Interest Subsidy on Education Loans (CSIS)

The Central Sector Interest Subsidy (CSIS) Scheme, launched in 2009 by the Government of India, is designed to provide financial assistance to students from economically weaker sections to pursue higher education and professional courses in India.
 

Feature Description

Availability 

Provides education loans for education in India.

Eligible institutions

  • list items NAAC-accredited institutions offering professional/technical courses and programs accredited by the NBA
  • list items Centrally Funded Technical Institutions (CFTIs)

Terms and conditions

Can be claimed only once, either for UG, PG, or integrated courses 

Dr. Ambedkar Central Sector Scheme of Interest Subsidy 

The Dr. Ambedkar Central Sector Scheme provides interest subsidies on education loans. This scheme is available for meritorious students who have secured admission in the approved courses at Masters, M.Phil, or Ph.D. courses abroad.
 

Feature Description

Eligible courses

Applicable for Master's, M.Phil, and Doctorate courses abroad.

Eligibility criteria for OBC

Total income from all sources should not exceed the present creamy layer criteria.

Eligibility criteria for EBC

Total income from all sources should not exceed Rs 2.5 lakhs per annum.

*Creamy layer criteria - If the family’s income exceeds INR 8 Lakh, they fall within the creamy layer criteria. Also, those with an income below INR 8 Lakh are classified as belonging to the non-creamy layer.

1. Agri infrastructure

Agriclinics and Agribusiness Centres Scheme (ACABC) and Agri Marketing Infrastructure schemes are offered by JanSamarth portal under the Agri Infrastructure loan. These schemes collectively aim to empower agricultural graduates, enhance agricultural marketing infrastructure, promote technology adoption, and support micro-enterprises in the food processing industry. The focus is on creating self-employment opportunities and improving the overall competitiveness of the agricultural sector.

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2. Business activity

Prime Minister's Employment Generation Programme (PMEGP)

The scheme is implemented by the Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs), and banks.
 

Feature Description

Administration

Administered by the ministry of micro, small and medium enterprises, government of India.

Implication

Implemented by Khadi & Village Industries Commission (KVIC).

Project costs

INR 25 Lakh for manufacturing units and INR 10 Lakh for service units.

 

Pradhan Mantri Mudra Yojana (PMMY)

Launched on April 8, 2015, to provide micro-credit to small business owners up to Rs. 10 lakhs.

 

Collateral-free loans are available for non-farm enterprises in manufacturing, trading, and services with credit needs below Rs. 10 Lakhs.

Feature Description

Facilitation 

Facilitated by MUDRA, a subsidiary of SIDBI.

JanSamarth loan

Micro-credit up to INR 10 Lakh to small business owners

Categories

Shishu (Up to INR 50K), Kishore (INR 50K - 5 Lakh), Tarun (INR 5 – 10 Lakh)

Eligibility

Small manufacturing enterprises, shopkeepers, etc.

 

Pradhan Mantri Street Vendor Aatmanirbhar Nidhi Scheme (PM svanidhi)
 

A micro-credit facility for street vendors. Launched to provide collateral-free loans of up to INR 10,000 for a one-year tenure. The scheme aims to assist approximately INR 50 Lakh street vendors in resuming their businesses in urban and surrounding areas.

Stand-up India scheme

Feature Description

Eligibility

Financial assistance for SC/ST and women entrepreneurs.

Loan amount

INR 10 Lakh to INR 1 crore

Weavers Credit Card (WCC)

A scheme benefiting weavers and ancillary workers involved in weaving activity.

Preference is given to weavers identified under the third census of handloom weavers and those identified by state governments.  

3. Livelihood

These schemes aim to empower individuals by providing financial assistance, training, and support for establishing enterprises, with a focus on the upliftment of marginalized communities and the rehabilitation of manual scavengers.

Deen Dayal Antyodaya Yojana National Rural Livelihoods Mission (DAY-NRLM)

  • list items Aims to provide financial assistance to the urban poor for setting up individual and group enterprises in the form of an interest subsidy on bank loans.
  • list items Interest subsidy is available over and above the 7% rate of interest on bank loans for the establishment of individual or group enterprises.

Self-employment scheme for Rehabilitation of Manual Scavengers (SRMS)

  • list items Objective: To rehabilitate manual scavengers and their dependents.
  • list items Process: Identified scavengers receive training, loans, and subsidies. Banks provide loans to candidates sponsored by State Channelising Agencies. After the loan sanction, the bank claims the capital subsidy amount from State Channelising Agencies. The admissible capital subsidy is disbursed to the beneficiary along with the loan amount.  
  • list items Identified scavengers receive training, loans, and subsidies.
  • list items Banks provide loans to candidates sponsored by State Channelising Agencies.
  • list items After the loan sanction, the bank claims the capital subsidy amount from State Channelising Agencies.
  • list items The admissible capital subsidy is disbursed to the beneficiary along with the loan amount.  
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Features of JanSamarth Portal

What sets JanSamarth Portal apart is its commitment to simplicity and efficiency, allowing users to seamlessly check their eligibility, apply online, and receive digital approvals—all within a single, user-friendly interface. Below are key features that underscore the transformative impact of JanSamarth:

  1. list items Streamlined process - The JanSamarth portal offers a centralized and streamlined process for citizens to access loans from various Central government schemes. The one-stop portal simplifies the application process, making it more convenient for users.
  2. list items Direct connectivity - The JanSamarth portal facilitates direct connections between lenders and beneficiaries, eliminating intermediaries and potentially reducing bureaucratic hurdles.
  3. list items Access to multiple schemes - Users can avail of loans under 13 different Central government schemes, providing a range of options based on their specific needs and eligibility.

 

While the JanSamarth portal serves as a platform for borrowers seeking financial assistance through government-backed schemes, it's essential to explore alternative options that may offer additional benefits and specialized services. GyanDhan emerges as a standout alternative, providing a comprehensive and tailored approach to education loans. With a commitment to simplifying the loan application process, we offer competitive personalized guidance, and a user-friendly interface, ensuring a seamless experience for students pursuing their educational aspirations. Because of their established track record in the financial industry and regulated nature, they also offer a sense of security and dependability. So check your loan eligibility to start your abroad education loan journey with GyanDhan.

 

Check Your Education Loan Eligibility

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Frequently Asked Questions

What is the JanSamarth portal?

The Jan Samarth portal stands as an innovative online platform crafted to facilitate seamless interaction between lenders and beneficiaries. Functioning as a bridge, this platform offers individuals straightforward access to loans made available through diverse central government schemes. 

Which scheme is offered by SBI on the JanSamarth portal?

SBI participates in the Jan Samarth portal by providing the Central Scheme for Interest Subsidy (CSIS). This initiative is designed to support economically disadvantaged sections of the population, ensuring equal educational opportunities for students across India.

Who is eligible to apply for a loan on the JanSamarth portal?

Eligibility criteria for loans under various schemes are available on the Jan Samarth portal's official website. The portal allows any Indian individual to register and provides a digital tool to check eligibility for specific schemes.

How to login on the JanSamarth portal?

Follow the following steps to log in to the JanSamarth portal:

  • list items Visit the official portal website.
  • list items Click on the login button located on the homepage.
  • list items Enter your mobile number and the displayed captcha code.
  • list items Click 'Login' to access the portal.

How to check the status of my loan application on the JanSamarth portal?

To check your application status on the Jan Samarth portal follow the steps below:

  • list items Visit the portal's website.
  • list items Log in using your registration credentials.
  • list items Navigate to the 'My Applications' tab on the dashboard to view the status of your ongoing loan applications.