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NHAI starts accepting electronic bank guarantees » Bhajpa Ki Baat

Govt Schemes

NHAI starts accepting electronic bank guarantees » Bhajpa Ki Baat

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NHAI starts accepting electronic bank guarantees » Kamal Sandesh

To further improve efficiency and transparency of internal processes and take forward the adoption of digital technology, NHAI has started accepting Electronic Bank Guarantees (E-BGs) and has also digitalized all its existing Bank Guarantees.
NHAI is utilizing the E-BG services of National e-Governance Services Limited (NeSL), which facilitates reduction in physical paper movement, elimination of physical storage needs and easy access for Bank Guarantee life cycle events like invocation, renewal and closure.

Few E-BGs have already been issued by the Banks in favour of NHAI.

(News Source -Except for the headline, this story has not been edited by Bhajpa Ki Baat staff and is published from a BJP KS feed.)

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