Entity Locker

22.01.2025

Entity Locker

Why in the news?     

            The National eGovernance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY) has developed Entity Locker.

About Entity Locker:

• It 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.
• It is designed to transform the management and verification of business/organisation documents.
• 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.
• It is built on a robust technological framework that integrates with multiple government and regulatory systems.
• It provides 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 that provides businesses instant access to critical documents.
• It 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

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

Benefits

• 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

                                                                  Source: PIB

With reference to Entity Locker, consider the following:

1. It is a secure, cloud-based solution that simplifies the storage and verification of documents for a wide range of entities.

2. It is developed by the National eGovernance Division of the Ministry of Electronics and Information Technology.

3. It can only be integrated with the Goods and Services Tax Network.

How many of the above statements are correct?

A.Only one

B.Only two

C.All three

D.None

Answer B