Quick Summary
During the FY 2024-25, the Ministry of Micro, Small and Medium Enterprises (MSME) has launched a sub scheme under Central Sector Scheme Raising and Accelerating MSME Performance Program (RAMP), namely MSME Trade Enablement and Marketing (MSME TEAM) Initiative on 27th June 2024. The MSME Trade Enable
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FAQ :
The MSME TEAM Initiative is a new sub-scheme launched by the Ministry of MSME to promote e-commerce adoption among Micro, Small, and Medium Enterprises (MSMEs) in India, using the Open Network for Digital Commerce (ONDC).
The MSME TEAM Initiative was launched on 27th June 2024.
The main goal is to encourage MSMEs, especially women entrepreneurs, to benefit from e-commerce by onboarding them onto ONDC-compliant Seller Network Participants.
The National Small Industries Corporation (NSIC) has been appointed as the Implementing Agency for the MSME TEAM Initiative.
The financial outlay for the MSME TEAM Initiative is Rs 27.35 crores.
MSMEs will be supported through workshops and guidance to create awareness about e-commerce benefits and to facilitate their onboarding onto the ONDC platform.
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