Context:
The National eGovernance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), has developed Entity Locker.
- It is an innovative digital platform aimed at revolutionizing the management and verification of business and organizational documents.
- It is a secure, cloud-based platform that streamlines the storage, sharing, and verification of documents for various entities, including large organizations, MSMEs, startups, trusts, and societies.
- It is aligned with the Union Budget 2024-25’s vision to enhance digital governance and streamline the ease of doing business.
- It is built on a robust technological framework that seamlessly integrates with various government and regulatory systems.
- It is a strategic initiative designed to reduce administrative friction, catalyse productivity, and unlock new opportunities for businesses.
- Features:
- Real-time access and verification of documents through integration with government databases
- Consent-based mechanisms for secure sharing of sensitive information
- Aadhaar-authenticated role-based access management to ensure accountability
- 10 GB of encrypted cloud storage for secure document management
- Legally valid digital signatures for authenticating documents
- Benefits:
- Streamlines document sharing and access with partners and stakeholders
- Built-in features simplify adherence to regulations and reporting requirements
- Ensures accountability by tracking all document-related activities
- Consolidates storage and security to reduce administrative overhead
- Minimizes document processing times and operational bottlenecks
- It integrates seamlessly with systems like the Ministry of Corporate Affairs, Goods and Services Tax Network (GSTN), Directorate General of Foreign Trade (DGFT), and other regulatory bodies, offering businesses instant access to critical documents.
- It simplifies compliance and document management, supporting use cases like vendor verification, expedited MSME loan applications, FSSAI compliance, and streamlined corporate filings.