Published on: January 22, 2025

ENTITY LOCKER: STREAMLINING BUSINESS DOCUMENT MANAGEMENT

ENTITY LOCKER: STREAMLINING BUSINESS DOCUMENT MANAGEMENT

NEWS – The Ministry of Electronics and Information Technology (MeitY) has launched a new platform called Entity Locker. This digital platform aims to revolutionize business document management and verification in India.

HIGHLIGHTS

Key Features:

  • Secure Cloud Storage: 10GB of encrypted cloud storage for businesses to store, share, and verify documents.
  • Real-time Access and Verification: Integrates with government databases for instant document access and verification.
  • Digital Signature Authentication: Enables legally valid digital signatures for document authentication.
  • Consent-Based Sharing: Provides secure mechanisms for sharing sensitive information with consent.
  • Aadhaar-Based Access Control: Ensures accountability with role-based access control authenticated by Aadhaar.

Benefits for Businesses:

  • Reduced Overhead: Minimizes administrative tasks and document processing times.
  • Simplified Compliance: Built-in features simplify adherence to regulations and reporting requirements.
  • Enhanced Efficiency: Streamlines document sharing, access, and management.
  • Improved Accountability: Tracks all document-related activities for better accountability.
  • Seamless Integration: Integrates with government organizations like MCA, GSTN, and DGFT for easy access to critical documents.

Use Cases:

  • Vendor verification on procurement portals.
  • Faster loan applications for MSMEs.
  • FSSAI compliance document management.
  • Vendor verification during GSTN, MCA registration, and tendering processes.
  • Efficient corporate annual filings.

Beyond Technology:

Entity Locker is more than just a technological advancement. It’s a strategic initiative to:

  • Reduce administrative burdens.
  • Boost business productivity.
  • Unlock new business opportunities.
  • Create a digitally empowered business environment.

Part of Digital India Programme:

Entity Locker exemplifies the Digital India Programme’s focus on using technology to solve challenges and promote economic growth. The platform will gradually integrate with more government platforms and agencies.