Introduction of Entity Locker: Building on DigiLocker’s success, the government has launched a new digital platform called ‘Entity Locker’ for managing and verifying business and organizational documents.
Development and Target Audience: Developed by the National eGovernance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY), it serves corporations, MSMEs, trusts, startups, and societies.
Advanced Technology: Entity Locker integrates with various government and regulatory systems, providing features like real-time access to government databases, secure information sharing, Aadhaar-authenticated role-based access, and legally valid digital signatures. It offers 10 GB of encrypted cloud storage.
Alignment with Union Budget Goals: It aligns with the Union Budget 2024-25 goals to improve digital governance and ease of doing business.
Operational Efficiency: The platform aims to reduce administrative tasks, cut processing times, and enhance operational efficiency for businesses.
Seamless Connectivity: It connects with systems like the Ministry of Corporate Affairs (MCA), the Goods and Services Tax Network (GSTN), and the Directorate General of Foreign Trade (DGFT).
Transparency and Security: Entity Locker ensures transparency and accountability by tracking document-related activities and enhancing document security.
Multiple Applications: Supports applications like vendor verification on procurement portals, MSME loan approvals, FSSAI compliance, registrations with GSTN, MCA, and tendering processes. Simplifies corporate annual filings.
