Page 31 - Banking Finance October 2025

IC
L
A
R
T
ARTICLE
E
II. Digilocker:
a. Exclusive to sole proprietors, this method enables
PAN verification through DigiLocker, which stores
official government documents.
b. Investors can link their DigiLocker account and re-
trieve their PAN details for authentication.

2. Apply for Approvals
Once registered, users can apply for pre-establish-
ment and pre-operation approvals from different
Ministries, Departments, and State Governments
integrated into NSWS.
The system provides a "Know Your Approvals" (KYA)
tool, which helps businesses identify the specific
approvals required based on their industry, loca-
tion, and business type.
Investors can select approvals, fill in the required applications before final submission, ensuring they
details, and attach supporting documents digitally. can review details and make corrections if needed.
3. Application Processing Once satisfied, users can digitally submit the appli-
After submission, the application is automatically cation, making the approval process faster and
forwarded to the relevant Ministry, Department, more efficient.
or State Government authority for processing.
6. Track Progress
Each authority follows its internal procedures to re- The NSWS dashboard provides a centralized track-
view, verify, and approve the application. ing system where businesses can check the live sta-
Businesses can communicate with the concerned tus of their applications.
department in case of queries, additional document Investors receive real-time notifications and up-
requests, or clarifications. dates on their applications, including approvals,
4. Payment of Fees (If Applicable) rejections, or requests for additional information.
NSWS does not charge any registration fee for busi- Users can communicate with authorities through
nesses using the platform. the portal, reducing the need for physical visits to
However, some regulatory approvals and licenses government offices.
may require payment of statutory fees, as deter- 7. Download Certificates
mined by the respective government agencies. Once the relevant authorities approve the applica-

Users can make the necessary payments directly tion, businesses can download their clearance cer-
through the NSWS portal, which provides a secure tificates directly from the NSWS portal.
and integrated payment gateway. These digital certificates are officially recognized,
Payment receipts and transaction details are avail- eliminating the need for physical paperwork.
able for reference and future audits. The approved documents can be stored digitally,
5. Submit Applications printed, or shared with other departments when
After selecting the required approvals, users must required.
fill out the necessary online forms with accurate in-
formation. NSWS and Invest India

The system allows businesses to save drafts of their Invest India, under the Department for Promotion of Indus-

28 | 2025 | OCTOBER | BANKING FINANCE