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The portal is planned to be launched soon by Prime Minister Narendra Modi, he said.
"The portal will make it easier for anyone to upload his or her bio-data and video and get considered for the financial assistance from our ministry," the minister said.
It will also simplify the process of searching for talent scattered throughout the country.
The scheme will consider talents aged 8 years and more and extend them financial assistance for a period of eight years, Goel added.