Page 29 - Banking Finance October 2025

ARTICLE

National Single

Window System

(NSWS):

Transforming India's

Mayank Kumar Singh Sachchidanand Dwivedi
Business Ecosystem Chief Manager (Faculty) Chief Manager (Faculty)
Zonal Learning Centre
Zonal Learning Centre
Union Bank of India Union Bank of India
Lucknow Lucknow

The NSWS is an integrated, centralized digital platform that allows businesses to apply for various
licenses, approvals, and registrations required to start and operate a business in India. It brings
together ministries, state governments, and regulatory agencies under one roof, eliminating the
need for businesses to navigate multiple portals.

I ndia's business environment has seen significant im- and faster processing of applications, making India a more

provements in recent years, with the government fo-
attractive destination for both domestic and foreign inves-
cusing on enhancing ease of doing business. One of the
most important initiatives in this regard is the National Single tors.
Window System (NSWS), launched in September 2021. It is Key Features of National Single Window
a digital platform designed to provide a single interface for
investors and businesses to access multiple approvals and System (NSWS)
clearances from both central and state governments. This 1. Centralized Business Approvals: NSWS serves as a one-
initiative aims to streamline regulatory processes, reduce stop digital platform for obtaining multiple pre-estab-
bureaucratic hurdles, and promote entrepreneurship in the lishment and pre-operation approvals required to start
country. and run a business. Entrepreneurs no longer need to
visit multiple offices or websites; instead, they can ap-
Understanding the National Single Win- ply for approvals through NSWS. Currently the portal
hosts applications for approvals from 32 Central Depart-
dow System (NSWS) ments and 29 State Governments.
The NSWS is an integrated, centralized digital platform that
allows businesses to apply for various licenses, approvals, and 2. Know Your Approvals (KYA) Module: A significant fea-
registrations required to start and operate a business in ture of NSWS is the "Know Your Approvals" (KYA) mod-
India. It brings together ministries, state governments, and ule, which helps businesses identify the necessary ap-
regulatory agencies under one roof, eliminating the need provals based on their industry, location, and business
for businesses to navigate multiple portals. type. By answering a questionnaire, entrepreneurs can
receive a customized list of required approvals and ap-
The system is designed to ensure transparency, efficiency, ply for them seamlessly.

26 | 2025 | OCTOBER | BANKING FINANCE