GOI Launches ‘Entity Locker’ For Efficient Business Document Management<br/> + UPSC?.ToString()?? UPSC?.ToString()+" Current Affairs";

Why in the news?
The Government of India has recently launched a new digital platform called Entity Locker, aimed at streamlining the management and verification of business and organizational documents.
Key Takeaways:
Introduction to Entity Locker: Entity Locker is a secure, cloud-based platform developed by the National eGovernance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY). It caters to a wide range of entities, including corporations, MSMEs, trusts, startups, and societies.
Integration with Government Systems: The platform integrates seamlessly with various government and regulatory databases such as the Ministry of Corporate Affairs (MCA), Goods and Services Tax Network (GSTN), and Directorate General of Foreign Trade (DGFT).
Consent-Based Information Sharing: Entity Locker incorporates a consent-based mechanism that allows entities to securely share information with relevant stakeholders while maintaining privacy and transparency.
Aadhaar-Authenticated Role-Based Access: Users can define role-based access levels using Aadhaar authentication, ensuring that only authorized personnel can access specific documents.
Legally Valid Digital Signatures: Documents uploaded to Entity Locker are equipped with legally valid digital signatures, ensuring compliance with regulatory standards and authenticity.
Secure Cloud Storage: The platform provides 10 GB of encrypted cloud storage for secure handling of documents, safeguarding sensitive information from unauthorized access.
Alignment with Digital Public Infrastructure (DPI): Entity Locker is part of India’s Digital Public Infrastructure (DPI) and aligns with the goals of the Union Budget 2024-25, which emphasizes improving digital governance and enhancing the ease of doing business.
Benefits of Entity Locker: The platform enhances efficiency and transparency by tracking all document-related activities, eliminating processing delays, and ensuring document security. It also supports multiple applications such as vendor verification on procurement portals, accelerating MSME loan approvals, facilitating FSSAI compliance, and streamlining registrations with GSTN, MCA, and tendering processes