{"id":6852,"date":"2025-10-08T12:25:24","date_gmt":"2025-10-08T12:25:24","guid":{"rendered":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/?p=6852"},"modified":"2025-10-08T12:25:25","modified_gmt":"2025-10-08T12:25:25","slug":"paperless-governance-e-bank-guarantees-in-a-few-minutes","status":"publish","type":"post","link":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/?p=6852","title":{"rendered":"Paperless Governance: e-Bank Guarantees in a few minutes"},"content":{"rendered":"\n<p class=\"justify-text wp-block-paragraph\"><strong>Over 60 institutions, including banks, NBFCs, capital market entities, and corporate entities, will issue, renew, and invoke bank guarantees within a few minutes. It currently takes days to issue a bank guarantee.<\/strong><\/p>\n\n\n\n<p class=\"justify-text wp-block-paragraph\">The National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY) and National E-Governance Services (NeSL), an Information utility regulated by the Insolvency and Bankruptcy Board of India (IBBI), entered into a landmark Memorandum of Understanding (MoU) to enhance and integrate digital document management for businesses and government entities.<\/p>\n\n\n\n<p class=\"justify-text wp-block-paragraph\">NeGD\u2019s cloud-based document management platform, Entity Locker- an extension of the DigiLocker initiative aimed at streamlining document issuance, storage, sharing, and verification will integrate with NeSL\u2019s Digital Document Execution (DDE) platform. NeSL\u2019s DDE platform is a pioneering solution facilitating digital, paperless and secure execution of contracts, including electronic bank guarantees (e-BGs), which are legally enforceable in a digital form.<\/p>\n\n\n\n<p class=\"justify-text wp-block-paragraph\">NeGD expects more such collaborations with NeSL in the future, says its director, JL Gupta. \u201cWith NeSL\u2019s e-stamp paper service, one can procure e-stamp paper and sign contracts in real time digitally using the e-signing facility; ensuring a seamless, paperless, and legally valid process,&#8221; he adds.<\/p>\n\n\n\n<p class=\"justify-text wp-block-paragraph\">NeSL\u2019s e-BG addresses all the challenges in the traditional physical BGs. It is also easily accessible and affordable, says Debajyoti Ray Chaudhuri, MD and CEO, NeSL.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 60 institutions, including banks, NBFCs, capital market entities, and corporate entities, will issue, renew, and invoke bank guarantees within&#8230;<\/p>\n","protected":false},"author":5,"featured_media":6854,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-6852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-track"],"_links":{"self":[{"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/posts\/6852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6852"}],"version-history":[{"count":1,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/posts\/6852\/revisions"}],"predecessor-version":[{"id":6853,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/posts\/6852\/revisions\/6853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/media\/6854"}],"wp:attachment":[{"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}