In the latest budget speech, the FM announced a new digital document storage system that will be set up by the government in collaboration with DigiLocker. The purpose of this system is to streamline the process of applying for credit for small businesses.
This new system will serve as a one-stop solution for updating individual identities and addresses, which will be managed by government agencies, regulators, and entities they regulate.
What is DigiLocker
It is an online digital document storage facility launched by the government in 2015. DigiLocker provides a cloud account that can be accessed to obtain official documents/certificates such as driving licenses, vehicle registrations, and academic mark sheets in digital format from the original issuers of these certificates.
DigiLocker provides 1GB of storage space to account holders to upload and save scanned copies of their legal documents online.
How to Set Up Your DigiLocker Account: Step-by-Step Guide
To set up a DigiLocker account, you can download the DigiLocker app from the Google Play Store or App Store on your Android or iOS smartphone.
1. Once you have downloaded the app, select your preferred language.
2. Click on the 'get started' button.
3. Create an account by filling in all the details, including your name, date of birth, mobile number, mail ID, and Aadhaar number.
4. You will then need to set a 6-digit security PIN to secure your digital wallet.