India has entered into a landmark Memorandum of Understanding (MoU) to enhance and integrate digital document management for businesses and government entities and facilitate digital, paperless contracts.

MoU was signed between the National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), and National E-Governance Services Limited (NeSL), an Information Utility regulated by the Insolvency and Bankruptcy Board of India (IBBI) at the Global Fintech Fest 2025 on Wednesday,

The MoU was inked in the presence of Director, NeGD, Shri J.L. Gupta and MD and CEO, NeSL Shri Debajyoti Ray Chaudhuri.

Through this collaboration, NeGD’s 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’s Digital Document Execution (DDE) platform. 

NeSL’s 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.

The MoU enables the beneficiaries and applicants of e-BGs to securely fetch and access digitally executed bank guarantees from NeSL’s eBG repository directly into their respective Entity Locker accounts. This integration will foster faster, more transparent, and legally compliant digital workflows, supporting India’s vision of accelerated digital governance and ease of doing business. Benefits of NeSL’s e-BG include

• Fully secure and tamper proof document
• Faster turnaround of a few minutes compared to a few days in respect of physical BGs.
• Issuance and all life cycle events like renewal, invocation etc happen through digital mode
• Paperless and hence environment friendly
• Easily verifiable through a central repository