The government on Wednesday launched the much-awaited national single-window system for investors and businesses. The portal will integrate the existing clearance systems of the Centre and states. The portal currently hosts 18 central departments and nine states.
“Under Prime Minister Narendra Modi Ji’s leadership India rolls out a red carpet for investors! Government soft launches the National Single Window System, a go-to digital platform for investors for approvals and clearances,” Goyal said. The portal will add another 14 central departments and five states by the end of this calendar year.
The minister said investors will get access to all solutions at the click of the mouse through end-to-end facilitation. “This would bring transparency, accountability, and responsiveness in the ecosystem and all information will be available on a single dashboard,” he said.
The portal will provide investors services such as know-your-approval (KYA), common registration, state registration, document repository, and e-communication. “Launch of National Single Window System is a giant leap towards making India Aatmanirbhar [self-reliance],” Goyal said.
Know Your Approval (KYA) Service: an intelligent information wizard that generates a list of approvals required by any business to commence operations. It does so by asking the investor a series of dynamic questions about their planned business activities and identifies the basis of the application approval the responses provided. The questionnaire, simple and user-friendly on the surface, has a complex, automated logic built into it to sieve through hundreds of approvals, and shortlists only those relevant to the specific investor or entrepreneur. This service was launched on 21.07.2021 with over 500 approvals across 32 Central Departments and over 2000 approvals across 14 states.
This service is only for guidance purposes and does not constitute any legal advice.
Common Registration Form: To ensure a single point of submission of information and documents across Ministries and States, unified information capturing system along with a common registration form has been introduced. Information is auto-populated on forms, eliminating the need to fill in the same information again.
State registration form: Enables investor to have seamless single-click access to respective State Single Window System.
Applicant dashboard: Provides a single online interface to apply, track and respond to the queries pertaining to approvals and registrations across ministries and States.
Document repository: An online centralized storage service for investors to enable one-time document submission and use the same across multiple approvals. This eliminates the need to submit documents at multiple portals.
E-Communication module: Enables online response to queries and clarification requests related to applications by Ministries and States.
The platform will do away with the need for multiple applications across various portals. An investment proposal typically requires a bunch of approvals and clearances across various states and government departments. However, all approvals will still be needed. The minister further said all solutions will be there at the click of a mouse through end-to-end facilitation. “This would bring transparency, accountability, and responsiveness in the ecosystem and all information will be available on a single dashboard. An applicant dashboard would be there to apply, track and respond to queries. Services include know your approval (KYA), common registration form, state registration form, document repository, and e-communication,” an official statement said.
