ONDC signed a MOU with the SIDBI to onboard small and medium-sized businesses

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Open Network for Digital Commerce (ONDC) signed a Memorandum of Understanding (MOU) with the Small Industries Development Bank of India (SIDBI) to onboard small and medium-sized businesses on the ONDC network, increasing their participation in the ecommerce sector.

The Memorandum of Understanding was signed by Sivasubramanian Ramann, CMD of SIDBI, and T Koshy, managing director and CEO of ONDC. SIDBI and ONDC will work together to help MSMEs gain access to the open network ecommerce platform proposed by ONDC. ONDC and SIDBI will both hold MSMEs education sessions to educate them on ONDC’s network, protocol, and MVP definition. Following that, the two organisations will run accelerator programmes to incentivize MSMEs and allow them to go live on the ONDC network.

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ONDC signed a MOU with the SIDBI to onboard small and medium-sized businesses

Open Network for Digital Commerce (ONDC) signed a Memorandum of Understanding (MOU) with the Small Industries Development Bank of India (SIDBI) to onboard small and medium-sized businesses on the ONDC network, increasing their participation in the ecommerce sector.

The Memorandum of Understanding was signed by Sivasubramanian Ramann, CMD of SIDBI, and T Koshy, managing director and CEO of ONDC. SIDBI and ONDC will work together to help MSMEs gain access to the open network ecommerce platform proposed by ONDC. ONDC and SIDBI will both hold MSMEs education sessions to educate them on ONDC’s network, protocol, and MVP definition. Following that, the two organisations will run accelerator programmes to incentivize MSMEs and allow them to go live on the ONDC network.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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