Publication- Xartup
Edition- Online
The Indian government is taking significant steps to bolster the MSME (micro, small, and medium enterprises) sector. Union Minister Narayan Rane recently announced the integration of MSME Global Mart, a B2B platform, into the Open Network for Digital Commerce (ONDC) through a tweet. In an interview, Minister Rane highlighted that the upgraded MSME Global Mart will now feature virtual exhibitions, serving as an alternative to conventional trade fairs. This development aims to enable MSMEs to leverage e-commerce and effectively market their products online. The government is also introducing the Procurement and Marketing Support (PMS) scheme. Under this initiative, micro-enterprises will receive financial assistance for annual membership fees, subscription fees, and contingency expenses incurred while using MSME Global Mart for selling their products or services.
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