Everything to Know About PM-SURAJ Portal

The Ministry of Social Justice and Empowerment launched a nationwide initiative to provide credit support to marginalised segments of society, with Prime Minister Shri Narendra Modi serving as the Chief Guest at the event.

The Prime Minister inaugurated the 'Pradhan Mantri Samajik Utthan and Rozgar Adharit Jankalyan' (PM-SURAJ) national portal online during the proceedings. In this post, let's look at the PM-SURAJ portal, its features, benefits, and how it works towards India's development.

What is PM-SURAJ?

The Pradhan Mantri Samajik Utthan and Rozgar Aharit Jankalyan (PM-SURAJ) national portal is designed to uplift the most marginalised segments of society, such as the backward classes, scheduled castes, tribes, and other disadvantaged sections, and extend credit assistance to one lakh entrepreneurs from disadvantaged communities. Administered by the Ministry of Social Justice and Empowerment and its departments, the portal is a centralised platform where individuals from underprivileged backgrounds can apply for and track the progress of all available loans and credit schemes. Credit support will be facilitated through banks, non-banking financial companies, microfinance institutions (NBFC-MFIs), and other entities to ensure nationwide accessibility.

Key Information About PM-SURAJ Portal

Here are some of the essential details about this portal that you should keep in mind:

The Objective of PM-SURAJ Portal

Jotted down below are the major objectives of the PM-SURAJ Portal:

• The primary aim behind the launch of the PM-SURAJ National Portal is to offer loan assistance to all citizens of India, including those belonging to scheduled castes and sanitation workers nationwide, enabling them to initiate their businesses.
• The core objective is to extend financial aid to the economically disadvantaged sections of society to kickstart new entrepreneurial ventures. The government endeavours to introduce novel and transformative changes nationwide through the PM-Suraj Portal.
• This scheme aims to promote the upliftment and empowerment of marginalised and backward segments of society.
• Through this portal, individuals will receive loan assistance for their business endeavours, enabling them to achieve self-reliance and adequately provide for their families.

Eligibility for PM-SURAJ Portal

Below are the criteria you need to meet to apply on the PM-SURAJ Portal:

• Applicants must be Indian citizens to apply on the PM-Suraj Portal.
• Individuals from all sections of Indian society, including scheduled tribes, scheduled castes, and other backward classes, can apply for loans through this portal.
• Details regarding the applicant's annual Income have not yet been disclosed for applying on this portal.
• Applicants should not have been classified as defaulters by any Bank.
• Only those intending to establish a new business can apply on this portal, as this platform provides loans exclusively for business startups.

New Business Opportunities Arising from the PM-SURAJ National Portal

Launching the new portal by the Modi government will generate numerous employment opportunities across India. This initiative promises to address the longstanding issue of unemployment in the country. In addition to facilitating Business loans, the portal will offer access to various schemes, simplifying the loan application process. This development is particularly advantageous for individuals who aspire to launch their businesses but face financial constraints. With the aid of this portal, individuals from lower-income and economically vulnerable backgrounds will have the opportunity to venture into entrepreneurship. This will foster self-reliance among them and elevate their standard of living.

Securing Loans of Up to ₹15 Lakhs

The Prime Minister's Office has affirmed that the PM-SURAJ Portal will extend financial aid to individuals from all marginalised segments of India. Through this portal, citizens will receive financial assistance to initiate new businesses, with the potential loan amount reaching up to ₹15 lakhs. You can conveniently submit a loan application via the PM-SURAJ portal using your mobile device anytime and anywhere, enabling you to initiate your business ventures. This platform facilitates applications for business loans of up to ₹15 lakhs. Individuals will no longer encounter the usual challenges of obtaining bank business loans. The loan application process is entirely online, allowing you to apply from the comfort of your home.

Documents Needed for PM-SURAJ Portal

Here is the list of documents you will have to submit to apply for the loan through PM-SURAJ portal:

• Aadhar card
• Address proof
• Bank account passbook
• Business-related documents
• Caste certificate
• Email ID
• Identity card
• income certificate
• Mobile number
• Passport size photo
• Ration card

Online Application Process for PM-SURAJ Portal

If you wish to apply for a loan through the PM-SURAJ Portal and avail its benefits, you can easily do so by following the steps outlined below:

• Visit the official PM-SURAJ portal website.
• Once on the homepage of the official website, navigate to the 'Apply' option.
• Click on the 'Apply for Loan' option on the subsequent page.
• A new page will come up on your screen, prompting you to enter the required information accurately.
• Upload the necessary documents on the website as instructed.
• Fill in the captcha code and proceed by clicking on the submit option.
• Upon completion of these steps, your loan application will be submitted for review. Once your application is verified, the loan amount will be transferred to your bank account.

Conclusion

The PM personally engaged with beneficiaries from various states who have benefited from schemes like National Action for Mechanized Sanitation Ecosystem (NAMASTE), Venture Capital Fund for Scheduled Caste (VCF-SC), Venture Capital Fund for Backward Classes (VCF-BC), and Ambedkar Social Innovation Incubation Mission (ASIIM), aimed at supporting disadvantaged groups, including scheduled castes, backward classes, and Safai Mitras (Sewer and Septic tank workers).

At the initiative's core lies a nationwide effort to offer vital credit assistance to one hundred thousand entrepreneurs from disadvantaged communities. This initiative marks a new era of opportunities for those without financial support. The portal endeavours to uplift marginalised communities and integrate them into the mainstream Economy, a crucial step towards realising the vision of Viksit Bharat by 2047.