Thursday, October 27, 2011

India launches an E-Payment Portal for Entrepreneurs and Investors

In order to make all public transactions paperless, the government of Uttar Pradesh has rolled out an online payment portal called ‘Nivesh Mitra’ for entrepreneurs and investors, according to a latest report from FutureGov.
Nivesh Mitra is a simple, user friendly, entrepreneur centric web application that enables investors and entrepreneurs to get online clearances/NOC’s from concerned departments with ease. It provides a seamless interface to facilitate faster and time bound issuance of various approvals needed by entrepreneurs while setting up an enterprise. With the project, entrepreneurs can avail of the facility of online payments, being offered in association with Punjab National Bank.
Nivesh Mitra is currently functional in 18 districts and is expected to go live in the whole state in the future. It is launched by Udyog Bandhu, a Government Agency for Investment Promotion and is accessible at the Udyog Bandhu website( www.udyogbandhu.org).
State Infrastructure and Industrial Development Commissioner V N Garg who launched this project stated, that it could only be made successful on the premise of good governance and has the ability to reduce transaction cost in terms of money and time. Garg also asked industry bodies to use the web portal and urged the government departments and district magistrates to take active part in making this initiative effective.

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