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{"id":6961,"date":"2025-11-06T11:05:21","date_gmt":"2025-11-06T11:05:21","guid":{"rendered":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/?p=6961"},"modified":"2025-11-06T16:30:18","modified_gmt":"2025-11-06T16:30:18","slug":"paperless-governance-e-bank-guarantees-in-a-few-minutes-2","status":"publish","type":"post","link":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/?p=6961","title":{"rendered":"Paperless governance: e-bank guarantees in a few minutes\u00a0"},"content":{"rendered":"\n<p class=\"justify-text wp-block-paragraph\"><strong>Over 60 institutions, including banks, NBFCs, capital market entities, and corporate entities, will be able to issue, renew, and invoke bank guarantees within a few minutes. It currently takes days to issue a bank guarantee.<\/strong><br><\/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 \u2014an extension of the DigiLocker initiative aimed at streamlining document issuance, storage, sharing, and verification \u2014 will integrate with NeSL\u2019s Digital Document Execution (DDE) platform. NeSL\u2019s DDE platform is an innovative solution enabling the digital, paperless, and secure execution of contracts, including electronic bank guarantees (e-BGs), which are legally enforceable in a digital format.<\/p>\n\n\n\n<p class=\"justify-text wp-block-paragraph\">NeGD anticipates more collaborations with NeSL in the future, says its director, JL Gupta. \u201cWith NeSL\u2019s e-stamp paper service, one can obtain 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. 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\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 60 institutions, including banks, NBFCs, capital market entities, and corporate entities, will be able to issue, renew, and invoke&#8230;<\/p>\n","protected":false},"author":5,"featured_media":6963,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[283],"tags":[],"class_list":["post-6961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-byte"],"_links":{"self":[{"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/posts\/6961","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=6961"}],"version-history":[{"count":1,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/posts\/6961\/revisions"}],"predecessor-version":[{"id":6962,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/posts\/6961\/revisions\/6962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=\/wp\/v2\/media\/6963"}],"wp:attachment":[{"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dazzling-chebyshev.103-73-189-254.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}