(MENAFN- KNN India) Mumbai, Oct 8 (KNN) The National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), and National E-Governance Services Ltd (NeSL), an Information Utility regulated by the Insolvency and Bankruptcy Board of India (IBBI), have signed a Memorandum of Understanding (MoU) to enhance digital document management for businesses and government entities.

The agreement was formalised during the Global Fintech Fest 2025 in Mumbai.

The collaboration integrates NeGD's Entity Locker-a cloud-based platform under the DigiLocker initiative-with NeSL's Digital Document Execution (DDE) platform.

This integration enables beneficiaries of electronic Bank Guarantees (e-BGs) to securely access digitally executed bank guarantees directly through their Entity Locker accounts.

The initiative aims to promote faster, paperless, and legally compliant workflows, supporting India's vision of enhanced digital governance and ease of doing business.

The integration offers several key benefits, including secure and tamper-proof document management, rapid issuance and lifecycle management of e-BGs, cutting turnaround times from days to minutes, paperless processes that reduce environmental impact, and centralised verifiability of digital documents.

J.L. Gupta, Director, NeGD highlighted the potential for future collaborations with NeSL, noting that services such as e-stamp paper and e-signing facilitate seamless, legally valid, and fully digital contract execution.

Debajyoti Ray Chaudhuri, MD & CEO, NeSL, emphasised the utility of e-BGs for MSMEs, enabling easier and cost-effective access to a range of digital financial services.

This partnership aims to advance the digital transformation of government-to-business and business-to-business interactions, enhancing efficiency, transparency, and security in document management.

(KNN Bureau)

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