NATIONAL SINGLE WINDOW SYSTEM FOR INVESTORS AND BUSINESSES

NATIONAL SINGLE WINDOW SYSTEM FOR INVESTORS AND BUSINESSES

Context:

Under the Ministry of Commerce and Industry, the Union Minister for Commerce and Industry, Shri Piyush Goyal, launched the ‘National Single Window System (NSWS)’, on September 22, 2021, for investors and businesses.

About NSWS:

• It is a single-window portal that will act as a one-stop-shop for investors or entrepreneurs, to get approvals and clearances required from Government.
• It shall give freedom from the legacy of running to government offices for approvals and registrations required by entrepreneurs, investors, and businesses in India.
• It aims to bring accountability, transparency, and responsiveness to the ecosystem.
• It will provide strength to other schemes e.g. Make in India, Startup India, PLI scheme.

NSWS provides the following services:

• Know Your Approval (KYA) Service: An intelligent information wizard that generates a list of approvals required by any business to start operations. It does so by asking the investor a number of questions about their planned business activities. This service was launched on 21.07.2021 with over 500 approvals across 32 Central Departments and over 2000 approvals across 14 states.
• Common Registration Form: To make sure there is 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.