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Business News/ Budget / Budget 2023: Scope of services in Digilocker to be expanded, says FM Sitharaman
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Budget 2023: Scope of services in Digilocker to be expanded, says FM Sitharaman

DigiLocker was launched in July 2015 by PM Modi and is government’s official online digital document storage facility.

Linked to both your Aadhaar card number and mobile phone number, DigiLocker eliminates the use of physical documents as part of a Digital India drive by the government as all data is stored in the cloud. Photo: iStockPremium
Linked to both your Aadhaar card number and mobile phone number, DigiLocker eliminates the use of physical documents as part of a Digital India drive by the government as all data is stored in the cloud. Photo: iStock

Union Budget 2023: While presenting the last full budget of the current central government on 1 February, Finance Minister Nirmala Sitharaman said that scope of services in Digilocker will be expanded.

Also Read: Union Budget 2023 Live Updates

The finance Minister said, “A one-stop solution for reconciliation & updating of identity and address of individuals maintained by various govt agencies, regulators and regulated entities will be established using DigiLocker service and Aadhaar as foundational identity."

She also said that to enable more Fintech innovative services, the scope of documents available in DigiLocker for individuals will be expanded.

"Fintech services in India have been facilitated by our digital public infrastructure including Aadhaar, PM Jan Dhan Yojana, Video KYC, India Stack and UPI. To enable more Fintech innovative services, the scope of documents available in DigiLocker for individuals will be expanded, she further added.

She further added that an ‘Entity DigiLocker’ will be set up for user by MSME. 

“An Entity DigiLocker will be set up for use by MSMEs, large business and charitable trusts. This will be towards storing and sharing documents online securely, whenever needed, with various authorities, regulators, banks and other business entities."

DigiLocker was launched in July 2015 by PM Modi and is government’s official online digital document storage facility. As of now, the platform has largely been available for individuals only. Under the new initiative, digitized documents will be made available to businesses as well — as part of a planned overhaul and digitization of all financial operations in the country.

 

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Published: 01 Feb 2023, 12:09 PM IST
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