New Delhi, Nov. 12 -- In a boost for startups, the department of financial services (DFS) under the finance ministry, has launched the Startup Common Application Journey on the Jan Sammarth portal on Wednesday.

Backed by a model loan scheme, the initiative provides loans up to Rs.20 crore under the Credit Guarantee Scheme for Startups which is under the Department for Promotion of Industry and Internal Trade. 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 and promotes inclusivity.

The Jan Samarth portal launched in June 2022 is a one-stop digital platform that connects benefi...