Know Your Approval i.e. KYA has also been started in the system. So far more than 1.32 lakh investors have taken advantage of this to know what kind of permission they need for their business.
Image Credit source: PTI
By the middle of December, it will be very easy to get approvals for business in more than 20 states and union territories of the country. commerce ministry Has informed today that by December 15, 5 more states will join the National Single Window System. Till now 16 states are connected with this system. The ministry has informed that a meeting is to be held next week to review the progress and status of the system and has also expressed the hope that by the end of the year all the ministries and departments of the government will be connected to this system, while by the end of the financial year all states will have Businessmen will start taking advantage of this system.
What is the specialty of this system
The purpose of preparing this system is to help businessmen to get different clearances. Under this system, 248 Government to Business clearances are given to businesses. These clearances are related to 16 states and union territories as well as 26 central ministries and departments. Under the system, businessmen have got more than 44 thousand approvals while more than 28 thousand approvals are in process. According to the ministry, after the feedback received from the industry, many other approvals and licenses are also being added to the system.
Along with this, Know Your Approval i.e. KYA has also been started in the system. So far more than 1.32 lakh investors have taken advantage of this to know what kind of permission they need for their business. At present, this system includes Andhra Pradesh, Bihar, Goa, Gujarat, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Nagaland, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh and Uttarakhand. At the same time, Haryana, Andaman and Nicobar Tripura, Jharkhand and Arunachal Pradesh can join the system by mid-December.
Why this facility was started
The soft launch of the system was done by Piyush Goyal on 22 September 2021. The main function of this system is to help businessmen and investors to easily complete government formalities related to their business. This includes many types of approvals and licenses. Due to this system, not only the burden on the businessmen to meet the rules has decreased, but also it has helped in reducing the duration of the project and starting the business faster. Along with this, the process of giving repeated information for every process by the businessmen has also been avoided. That is, with the help of the system, both the time and effort of the businessmen have been saved.