NSIC signs MoU with ONDC

The National Small Industries Corporation Limited (NSIC) has been entrusted as implementing agency for this initiative.

NSIC signs MoU with ONDC

New Delhi: On the occasion of International MSME Day, 27th June, 2024, Union Minister Shri Jitan Ram Manjhi launched the MSME TEAM initiative, a sub-component under the World Bank supported scheme “Raising and Accelerating MSME performance” (RAMP). The MSME TEAM initiative aims at facilitating five lakh micro and small enterprises (MSEs) for onboarding on to the open Network for Digital commerce (ONDC).

 

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The National Small Industries Corporation Limited (NSIC) has been entrusted as implementing agency for this initiative. To Implement TEAM initiative, NSIC entered into a Memorandum of Understanding (MoU) with ONDC. The MoU was signed by Shri Kartikeya Sinha, Director (Planning & Marketing), NSIC and Shri K Harishankar, Head of Transformation, ONDC in the esteemed presence of Dr. S S Acharya, Chairman and Managing Director (CMD), NSIC.

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By integrating MSEs into the government's open e-commerce network, this initiative aims to provide micro and small enterprises with unparalleled access to the digital marketplace, enabling them to expand their reach, enhance their market presence, and drive sustainable growth.

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