DPIIT Launches Digital Gateway for Investors to Streamline Business Approvals

The National Single Window System (NSWS) is a digital platform that guides investors in identifying and applying for the approvals required for their businesses. Launched on 22 September 2021, NSWS is implemented by the Department for Promotion of Industry and Internal Trade (DPIIT). It simplifies the approval process, enhances transparency, and reduces compliance and approval timelines. The platform integrates approvals offered by Central Ministries, State Governments, and regulatory authorities on a common digital platform.

Source

PIB →

Quick Revision

Prelims-testable facts

01The National Single Window System (NSWS) is a digital platform implemented by the Department for Promotion of Industry and Internal Trade (DPIIT) to guide investors in identifying and applying for approvals required for their businesses.
02NSWS was launched on 22 September 2021 and completes 5 years of its success in 2023.
03The platform integrates approvals offered by Central Ministries, State Governments, and regulatory authorities on a common digital platform.
04NSWS simplifies the approval process by enabling one-time submission of information and documents.
05The Know Your Approvals (KYA) module is a tool that identifies the approvals applicable to a business based on its proposed activities.
06NSWS enables online submission of applications and payment of fees, reducing duplication of information and improving coordination among government agencies.
07The NSWS portal hosts applications for approvals from 32 Central Ministries/ Departments and 34 State Governments and Union Territories.

Trap alerts

Most people think NSWS is a single platform for all regulatory approvals, but actually it's a digital platform that guides investors in identifying and applying for approvals required for their businesses.
Most people think NSWS was launched to replace existing regulatory systems, but actually it's a reform aimed at streamlining the approval process and improving transparency.

Prelims Practice MCQs

Multiple statementsmedium

Consider the following statements regarding National Single Window System: 1. The National Single Window System (NSWS) was launched on 1 January 2020. 2. NSWS is implemented by the Ministry of Commerce and Industry. 3. NSWS integrates approvals offered by Central Ministries, State Governments, and regulatory authorities on a common digital platform. How many of the above statements are correct?

A.Only one
B.Only two
C.All three
D.None

Statement 1 is false because the NSWS was launched on 22 September 2021, not 1 January 2020. Statement 2 is false because NSWS is implemented by the Department for Promotion of Industry and Internal Trade (DPIIT), not the Ministry of Commerce and Industry. Statement 3 is true because it accurately describes one of the key features of the NSWS.

Statement I & IIhard

Consider the following two statements: Statement-I: NSWS helps reduce compliance and approval timelines. Statement-II: This is because NSWS enables one-time submission of information and documents, and minimizes duplication of information across departments and improves coordination among government agencies through an integrated digital ecosystem. Which one of the following is correct in respect of the above statements?

A.Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
Both Statement-I and Statement-II are correct but Statement-II is not the correct explanation for Statement-I

← All current affairs