India Moves Toward Paperless Governance With Real-Time Digital Document Execution For e-Bank Guarantees

The Ministry of Electronics and Information Technology (MeitY) has taken a major step toward paperless governance with the signing of a Memorandum of Understanding (MoU) between the National e-Governance Division (NeGD) and the National E-Governance Services Limited (NeSL).

The agreement enhances and integrates NeGD’s Entity Locker with NeSL’s Digital Document Execution (DDE) platform, enabling real-time, secure, and legally compliant digital workflows for businesses and government entities.

The partnership, announced at the Global Fintech Fest 2025 in the presence of NeGD Director J L Gupta and NeSL Managing Director and CEO Debajyoti Ray Chaudhuri, will allow more than 60 institutions—including banks, NBFCs, capital market participants, and corporate entities—to issue, renew, and invoke electronic bank guarantees (e-BGs) in minutes rather than days.

Through this integration, beneficiaries and applicants can securely fetch and access digitally executed bank guarantees from NeSL’s repository directly through their Entity Locker accounts, ensuring faster turnaround, greater transparency, and compliance with legal and regulatory standards.

In a statement, the ministry highlighted that the initiative will significantly improve ease of doing business by making e-BGs fully secure, tamper-proof, and easily verifiable through a central repository.

The process will be entirely paperless and environmentally friendly, covering all life cycle events such as issuance, renewal, and invocation in a digital format.

NeGD and NeSL reaffirmed their commitment to data security and confidentiality, with provisions for secure sharing of financial information and adherence to laws including the Insolvency and Bankruptcy Code, 2016.

The collaboration lays the foundation for future innovations in digital document execution, enhancing efficiency in both government-to-business and business-to-business interactions.

Speaking about the development, NeGD director Gupta said that more such collaborations are expected, especially with NeSL’s e-stamp and e-sign services enabling real-time, legally valid contracts.

NeSL’s CEO Debajyoti Ray Chaudhuri described the MoU as a significant milestone that would make digital bank guarantees more accessible and affordable, particularly for MSMEs.

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