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National e-Governance Division (NeGD) Introduces 'Entity Locker' for Streamlined Business Document Management.

National | Dated: 22 Jan 2025

In January 2025, the National e-Governance Division (NeGD), operating under the Ministry of Electronics and Information Technology (MeitY), introduced the 'Entity Locker.' This modern digital platform aims to simplify how businesses manage and verify their documents while aligning with India's Digital Public Infrastructure (DPI) and the Union Budget 2024-25's goals of advancing digital governance and streamlining business processes.

🎯 Key Highlights:

  • - The Entity Locker is a secure cloud-based platform for businesses, including MSMEs, startups, trusts, and corporations, offering streamlined storage, sharing, and verification of documents to reduce delays and operational challenges.
  • - The platform integrates seamlessly with critical systems like the Ministry of Corporate Affairs (MCA), Goods and Services Tax Network (GSTN), and Directorate General of Foreign Trade (DGFT). This integration reduces delays and enhances efficiency in processes like vendor verification, procurement, and loan applications for MSMEs.
  • - Entity Locker supports multiple use cases, such as vendor verification, compliance documentation for the food industry under the Food Safety and Standards Authority of India (FSSAI), and corporate filings like annual returns. It significantly simplifies compliance processes and improves operational efficiency.

💡 Other Important Facts:

  • (i) The platform ensures real-time document verification by integrating with government databases. It provides 10 gigabytes (GB) of encrypted cloud storage for secure document management and enables authentication using legally valid digital signatures. Aadhaar-based authentication ensures secure and accountable access to sensitive information.
  • (ii) Built-in features of Entity Locker simplify regulatory reporting and compliance by offering tools to track document-related activities, enhancing transparency and accountability for businesses and organizations.
  • (iii) Individuals do not have direct access to Entity Locker but can connect their personal accounts to their organization’s account to manage and access digital documents. The platform emphasizes user consent for data sharing and ensures a secure and accountable environment for document management.

📚 Test Your Knowledge:

What is the name of the recently launched secure, cloud-based platform by NeGD for business document management?

Correct Answer: Entity Locker

🚀 Quick Recap: