TV
The National eGovernance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY) has developed Entity Locker. The entity locker is touted as a cutting-edge digital platform which has been designed to transform the management and verification of business/organisation documents.
What Is Entity Locker?
Entity Locker is a secure, cloud-based solution that simplifies the storage, sharing, and verification of documents for a wide range of entities, including large organisations, corporations, micro, small, and medium Enterprises (MSMEs), trusts, startups and societies. The platform is a critical component of India’s Digital Public Infrastructure, aligning with the vision of the Union Budget 2024-25 for enhanced digital governance and ease of doing business, reported PIB.
What Entity Locker Offers
Entity Locker is built on a robust technological framework that integrates with multiple government and regulatory systems. It offers:
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
Entity Locker Benefits include:
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
Seamless integration with Government organisations
Entity Locker’s seamless integration with systems such as the Ministry of Corporate Affairs, the Goods and Services Tax Network (GSTN), the Directorate General of Foreign Trade (DGFT) and other regulatory institutions provides businesses instant access to critical documents. This connectivity facilitates simplified compliance processes and ensures efficient document management.
The platform supports various use cases, including:
Vendor verification on the procurement portal
Expedited loan applications for MSMEs
FSSAI compliance documentation
Vendor verification during registration in GSTN, MCA and tendering process
Streamlined corporate annual filings
