In News:

The National eGovernance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY) has developed Entity Locker, a cutting-edge digital platform designed to transform the management and verification of business/organisation documents.

Key Highlights:

What is Entity Locker?

A secure, cloud-based platform that allows real-time access, encrypted storage, and authenticated sharing of business-related documents.

Who can use it?

Large corporations, MSMEs, startups, trusts, societies, and other organizational entities.

• Key Features:
  • 10 GB Encrypted Cloud Storage: Ensures secure document management.
  • Real-Time Document Access & Verification: Integrated with government databases.
  • Consent-Based Sharing: Ensures data privacy during information exchange.
  • Digital Signature Authentication: Enables legally valid and secure transactions.
  • Aadhaar-Authenticated Role-Based Access: Promotes accountability in document handling.
• Integration with Government Systems: Linked with entities like:
  • Ministry of Corporate Affairs (MCA)
  • Goods and Services Tax Network (GSTN)
  • Directorate General of Foreign Trade (DGFT)

Benefits:

• Reduces administrative burden and document processing time.
• Enhances compliance with statutory and regulatory requirements.
• Enables faster processes like vendor verification, loan applications, and FSSAI compliance.
• Promotes transparency and secure collaboration among stakeholders.

Significance:

Entity Locker is a pivotal component of India’s Digital Public Infrastructure, reflecting the Union Budget 2024–25 vision of promoting digital governance. It supports the broader goals of the Digital India Programme, aiming for a digitally empowered and efficient economy.