Latest news with #NiveshMitra3.0
Time of India
4 days ago
- Business
- Time of India
Nivesh Mitra 3.0 to cut service delivery timelines by up to 50%
Lucknow: Designed to minimise procedural bottlenecks and reduce red tape, the third-generation version of UP's Nivesh Mitra portal is set to cut service delivery timelines by 30% to 50% across various departments. "Nivesh Mitra 3.0 promises to significantly reduce approval timelines, simplify documentation requirements, and ease inter-departmental complexities," an official said on Wednesday. Citing an example, he said, "In the revenue department, approval timelines are expected to drop from 45 days to 21–30 days. In the labour department, a process that earlier took 30 days may now be completed in just five days." Likewise, environmental clearances from the UP pollution control board (UPPCB), which previously required up to 120 days, are now targeted for completion within 21 days. Similarly, approvals from the fire department may be granted in just five days, compared to the earlier 15-day timeframe. In UPPCL, tasks that earlier took 66 days could now be completed within 40 days. Through Nivesh Mitra 3.0, the Yogi govt aims to offer major relief not just in terms of time but also by reducing the number of documents required. In the revenue department, where five documents were previously needed, efforts are underway to bring this down to just two. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Find the Lowest Auto Insurance Rates in Your Area AutoSaveMax Get Quote Undo In the labour department, the requirement is expected to drop from 14 to only four documents. In the environment department, the number of required documents may be reduced from 13 to six. Sharing other features, officials said, "Nivesh Mitra 3.0 is set to be a highly modern and intelligent platform — not just procedurally but also digitally. A key feature will be the Common Application Form, allowing investors to obtain approvals from multiple departments through a single, unified form." They added that time-bound services will be a core feature, with real-time updates provided via SMS, email, and WhatsApp at every stage of the approval process. Integration with DigiLocker will make document uploading quicker and more convenient. A new tool called Know Your Approvals/Incentives (KYA) will offer users access to policies, permissions, and incentive schemes from over 45 departments — all in one place. The platform will also include cutting-edge features like an AI-powered smart chatbot, an improved user interface, real-time tracking, integrated GIS, and a comprehensive IPRA 3.0 dashboard. PAN cards will be used as a unique business identity, ensuring a streamlined and consistent identification process for all investors. The portal will also be available in Hindi and other regional languages.
Time of India
5 days ago
- Business
- Time of India
Govt accelerates eco reforms via Nivesh Mitra 3.0
Lucknow: To accelerate economic progress of the state, govt decided to fast-track approvals and ensure complete integration of all reforms into Nivesh Mitra 3.0 by the end of this year. The proposal was mooted at a meeting chaired by chief secretary SP Goyal on Tuesday, where officials and representatives from key departments came together to assess achievements of the state and outline future action under the Compliance Reduction & Deregulation 2025 initiative. The discussions highlighted the state's commitment towards ensuring simplification of regulations, digital innovation and process re-engineering to promote investments. Invest UP will lead the implementation of these reforms. Among major points of discussion was the upcoming launch of Nivesh Mitra 3.0, a major upgrade to the state's single-window clearance system, which currently offers over 525 services across 44 departments. Under the new version, service delivery timelines are expected to reduce by 30% through the simplification of applications and approvals and a reduction in documentation requirements by half. The state has implemented over 4,675 reforms across 45 departments. These include over 2,500 business-centric changes, 1,586 citizen service enhancements and 577 decriminalisation measures. The ongoing deregulation campaign, initiated in March 2025, is being steered by the cabinet secretariat's deregulation cell. Reforms will cut across 23 priority areas and 71 sub-priority domains from departments such as housing, urban planning, labour, UPPCL, fire, revenue and Invest UP. Key reforms include extended validity of licences, adoption of risk-based inspections and policy changes enabling night shifts for women. The meeting saw discussions on amendment of building regulations to reduce land wastage, removal of outdated restrictions on women in specific industries and streamlining of factory and trade licence renewals. "To further boost investor confidence, the state is drafting two landmark decriminalisation bills that aim to eliminate over 98% of imprisonment clauses in state and concurrent acts," said a govt spokesperson.
