Entity Locker: Transforming Business Document Management for a Viksit Bharat

India is rapidly advancing towards its vision of becoming a developed nation (Viksit Bharat), and at the core of this transformation lies the innovative use of technology. One such game-changing initiative is Entity Locker, a cutting-edge digital platform developed by the National eGovernance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY). Designed as a secure, cloud-based solution for streamlined business document management, Entity Locker is an essential component of India’s Digital Public Infrastructure, facilitating ease of doing business and driving economic growth.

Why Choose Entity Locker?

Entity Locker is more than a document management tool—it’s a strategic enabler for businesses, public institutions, and the broader economy. Here’s why adopting this platform can benefit individuals and organizations:

Why Entity Locker Matters

Entity Locker is not just a digital storage solution; it is a comprehensive platform that integrates with India’s growing Digital Public Infrastructure. Here’s why it is a game-changer:

1. Real-Time Access and Verification

The platform connects seamlessly with key government databases like the Ministry of Corporate Affairs (MCA), Goods and Services Tax Network (GSTN), and the Directorate General of Foreign Trade (DGFT).

• Savings in Time: Traditional document verification processes, which could take days or weeks, are now completed instantly.
• Enhanced Accuracy: Real-time integration eliminates manual errors in verification.

2. Secure Cloud Storage

Entity Locker offers 10 GB of encrypted cloud storage, ensuring the safety of sensitive business documents.

• Global Cloud Security Standards: Ensures data is protected against breaches.
• Consent-Based Sharing: Organizations can share documents securely with partners, government agencies, or auditors, ensuring transparency and accountability.

3. Digital Signature Authentication

With legally valid digital signatures, the platform facilitates secure and authentic document transactions.

• Compliance with IT Act, 2000: Provides the same legal status as physical signatures.
• Cost Savings: Eliminates the need for third-party verification agencies.

4. Boost to Ease of Doing Business

India improved its global ranking in the World Bank’s Ease of Doing Business Index from 142 in 2014 to 63 in 2022. Platforms like Entity Locker directly contribute to this progress by simplifying compliance and operational processes for businesses.

Impactful Stats and Insights

• 30% Reduction in Administrative Overhead: By automating document verification and storage, businesses can save significant time and costs.
• 95% Faster Document Approvals: Regulatory processes like vendor verification, GST registration, and corporate filings are expedited, reducing the average approval time from weeks to hours.

Benefits to Public, Business, and Viksit Bharat

For the Public

• Simplified access to key documents eliminates the hassle of manual applications and verifications.
• Transparency and accountability in document sharing build trust among stakeholders.
• Faster processing of services like vendor verification, loan applications, and FSSAI compliance directly benefits individuals and small businesses.

For Businesses

• Enhanced efficiency reduces processing times for compliance and regulatory filings.
• Cost savings through reduced administrative overhead.
• Increased competitiveness, as businesses can allocate more resources to innovation and growth.
• Better access to government services, including loan applications and procurement processes.

For Nation

• Economic Growth: By reducing friction in business processes, Entity Locker boosts productivity and encourages investments.
• Ease of Doing Business: The platform aligns with the government’s vision to improve India’s global ranking in ease of doing business.
• Digital Empowerment: The integration of technology with governance sets the stage for a digitally empowered society.
• Environmental Impact: By reducing reliance on paper-based processes, Entity Locker supports sustainability efforts.

Use Cases of Entity Locker

1. Vendor Verification: Simplifies and accelerates the vendor onboarding process in procurement and tendering.
2. Loan Applications for MSMEs: Streamlines document submission, speeding up approvals for businesses in need of financial support.
3. FSSAI Compliance: Ensures businesses meet food safety regulations efficiently.
4. Corporate Filings: Facilitates seamless filing of annual returns and other statutory requirements.
5. GST and MCA Registration: Enables quick and hassle-free document verification during registration and compliance processes.

A Step Towards Digital India

Entity Locker exemplifies the government’s commitment to leveraging technology for economic and administrative transformation. By adopting this platform, businesses and individuals contribute to the realization of a digitally empowered and economically prosperous India.

Call to Action

The government encourages businesses, regulators, and stakeholders to embrace this revolutionary platform to unlock its full potential. By doing so, they not only enhance their operational efficiency but also contribute to the larger goal of building a Viksit Bharat.

Visit Entity Locker: https://entity.digilocker.gov.in/
For inquiries: partners@digitallocker.gov.in

Let’s take a step forward in building a future-ready India with Entity Locker—your gateway to seamless, secure, and efficient document management.