The Maharashtra government has taken a historic step in modernising trade by replacing traditional paper bonds with a fully digital ‘E-Bond’ system for import-export transactions. With this reform, Maharashtra has become the sixteenth state in India to introduce the facility, aimed at easing business operations and increasing transparency in financial dealings.

Boost for Trade and Industry

Revenue Minister Chandrashekhar Bawankule said the initiative would be a major relief for the state’s business and industrial sector. Nearly 3,000–4,000 bonds are issued monthly in Maharashtra, amounting to over 40,000 annually for import-export activities.

“Introducing e-bonds will transform these large-scale financial transactions. While this may appear as a small procedural change, it represents an

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