• Nivesh Mitra Portal to Empanel More Banks for Expanding Its Payment Gateway NetworkUP’s
  • Nivesh Mitra Expands Payment Options

Lucknow: The Nivesh Mitra portal, a flagship initiative by the Government of Uttar Pradesh, continues to enhance the ease of doing business by offering seamless investment and business facilitation services. As one of India’s largest single-window platforms, the portal provides over 500 online services from 42 government departments, significantly contributing to the state’s business-friendly environment.

To further improve user convenience and accelerate investment processes, Invest UP, the nodal agency overseeing Nivesh Mitra, is set to expand the portal’s payment gateway options. In a meeting chaired today by Shri Abhishek Prakash, CEO of Invest UP, representatives from leading banks, including SBI, ICICI, Axis, AU, IndusInd, Bank of Baroda, Punjab National Bank, HDFC, Bank of India, Indian Overseas Bank, and Indian Bank, deliberated on this enhancement. Shri Vishwajeet Rai, Finance Controller of Invest UP, also attended the meeting.

Shri Abhishek Prakash emphasized that the collaboration with these banks ensures all transactions on Nivesh Mitra remain free of charge for investors and users, further boosting its accessibility.

Currently, ICICI Bank, Punjab National Bank, and HDFC Bank are empanelled as payment gateways, offering secure options like UPI, internet banking, debit cards, and credit cards. The empanelment of additional banks, including Bank of Baroda, Union Bank, and State Bank of India, is in progress. Axis Bank, IndusInd Bank, Indian Bank, Bank of India, and AU Bank are also set to join soon, increasing the total number of payment gateway partners to 11.

Transforming Investment Landscape

The Nivesh Mitra portal has been instrumental in driving investments across Uttar Pradesh. By November 30, 2024, over 2.6 lakh transactions were processed through the platform, underlining its vital role in the state’s economic growth.

The platform is designed as a user-friendly, single-window system that allows entrepreneurs to obtain online clearances and NOCs from various departments, eliminating the need for physical visits. It supports entrepreneurs setting up small, medium, and large-scale industries by offering real-time tracking of applications and ensuring timely clearances within predefined deadlines.

Nivesh Mitra also provides easy access to government orders, departmental process flows, and user manuals, making it a comprehensive resource for businesses. By facilitating smooth and transparent processes, it reinforces Uttar Pradesh’s position as a leading investment destination in India.

With continuous upgrades and support from investors, the Nivesh Mitra portal remains a cornerstone of Uttar Pradesh’s vision for economic development and ease of doing business.