Q. What is the primary goal of the MSME-TEAM Initiative, recently seen in news?
Answer:
To onboard five lakh MSMEs onto the ONDC platform
Notes: The Ministry of MSME launched the "MSME Trade Enablement and Marketing Initiative" (MSME-TEAM Initiative) under the RAMP scheme. It aims to assist five lakh MSMEs, including two and a half lakh women-owned MSEs, in onboarding the Open Network Digital Commerce (ONDC) platform. The initiative offers financial assistance for catalogue preparation, logistics, and packaging. Awareness workshops will target Tier 2 and Tier 3 cities. The sub-scheme runs until March 2027.