The Union Ministry of Micro, Small, and Medium Enterprises (MSME) has introduced the MSME Trade Enablement and Marketing (TEAM) initiative to help small businesses embrace digital commerce.
- With a budget allocation of Rs 277.35 crore over three years, the initiative aims to bring 5 lakh MSMEs onto the Open Network for Digital Commerce (ONDC), enhancing their digital presence and market reach.
About TEAM initiative
- TEAM initiative is a sub-scheme under Raising Accelerating MSME Performance (RAMP) program.
- RAMP aims to help the women owned MSMEs functioning in tier 2 and tier 3 cities.
- TEAM promises the MSMEs to help them in providing logistics, account management, packaging material, designing, catalogue preparation, etc.
