API Integration for PM Vishwakarma Scheme: Empowering Traditional Artisans and Boosting Economies Qorus-Infosys Finacle Banking Innovation Awards 2024

PM Vishwakarma is a holistic Scheme that envisages to provide end-to-end support to the artisans and craftspeople by real-time STP method of verification of loan indenting customers, leads conversion, loan processing, scrutiny of all the relevant documents like customer verification, indent verification, activity verification, credit verification, etc by following various components like 1. Recognition: PM Vishwakarma Certificate and ID card 2. Skill Upgradation 3. Toolkit Incentive 4. Credit Support 5. Incentive for Digital Transactions 6. Marketing Support

And following Process Flow for availing benefits under the Scheme as directed by the Government 1. Identification and Verification of the Beneficiaries 2. Registration through PM Vishwakarma Portal 3. Flow of Benefits of the Scheme

by following various Step 1: Beneficiary enrolls Step 2: Three stage verification at panchayath/ULB, district and state level Step 3: Beneficiary received PM Vishwakarma certificate and ID card Step 4: Banking details forwarded to NPCI for account verification.

Initially the account verification use to be done through NPCI in offline mode (file based), however in order to speed up the process of account validation, the API integration with NPCI was carried out as per the specifications through which the request will be forwarded to our bank for “Get account status and “Request for account holder name”. This module was developed by our in-house development team along with the encryption decryption logic.