SDG 16: Peace, Justice & Strong Institutions | SDG 9: Industry, Innovation & Infrastructure
Institutions: Ministry of Electronics & IT
At Global Fintech Festival 2025, the National e-Governance Division (NeGD), which spearheads digital government initiatives under the Ministry of Electronics & IT (MeitY), has signed an agreement with the National E-Governance Services Ltd (NeSL), a central repository for financial data regulated by the IBBI.
This partnership aims to fully digitize financial transactions. It connects NeGD’s cloud-based platform for businesses, Entity Locker (an extension of the familiar DigiLocker), with NeSL’s system for digitally signing documents, known as the Digital Document Execution (DDE) platform. This integration allows the users and beneficiaries of electronic Bank Guarantees (e-BGs) to instantly and securely retrieve these legally enforceable, digitally signed documents directly from NeSL’s repository into their personal Entity Locker account. This creates a faster, tamper-proof, and compliant digital process for financial contracts, significantly boosting digital governance and the overall ease of doing business in India.
The collaboration includes protocols for data security, privacy compliance, and regulatory alignment under the Insolvency & Bankruptcy Code, 2016.
This integration is a significant step toward paperless governance and faster compliance in India’s business ecosystem. By automating life-cycle workflows for BGs, it strengthens ease of doing business, enhances contractual certainty, and supports digital infrastructure for enterprise trust.
What is e-Bank Guarantee (e-BG) via DDE?
An electronic bank guarantee (e-BG) issued via the Digital Document Execution (DDE) platform is a fully digital, legally valid guarantee contract. Life-cycle events (issuance, invocation, renewal) happen digitally, enabling speed and reducing fraud risk. The document is stored in a central repository and accessible via secure interfaces like Entity Locker.
Relevant Question for Policy Stakeholders:
How can India scale this model beyond e-BGs — to contracts, bid bonds, performance guarantees, and other financial-digital instruments — while preserving legal enforceability and data security?
Follow the full release here: India Advances Toward Paperless Governance with Real-Time Digital Document Execution for e-Bank Guarantees