India, Jan. 28 -- The ministry for micro, small and medium enterprises (MSME) has partnered with Open Network for Digital Commerce to launch MSME Trade Enablement and Marketing (TEAM) with an allocation of INR 277.35 Cr.

This will onboard over 5 lakh MSMEs with a special focus on women-led businesses.

ONDC will open up opportunities for small and medium businesses to grow, leveraging the digital storefronts, integrated payment systems, and logistics support. The initiative will further reduce operational barriers and reach a wider customer base, the ministry said in a statement.

Financial assistance will be provided to seller network participants to facilitate smoother onboarding on digital commerce, it said.

"The MSME TEAM Initiative...