ONDC & its Achievements

Why in News?

Recently, the Prime Minister has praised the transformative impact of the Open Network for Digital Commerce (ONDC) on India's e-commerce landscape.

Open Network for Digital Commerce (ONDC)

ONDC – It is an initiative to promote an open e-commerce network that connects shoppers, platforms and retailers.
Launched in – 2021, by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
Vision – To democratise e-commerce in India
Aim – To create an inclusive e-commerce environment through an open protocol developed on open-source specifications, making it independent of any one platform.

ONDCFeatures

Drives growth - It has facilitated over 150 million transactions
Drives inclusivity – Network now boasts more than 200 participants, including sellers, buyers, and service providers.
Buyers from more than 1,100 cities and towns have engaged with the network.
Access to wider customer base - 7 lakh sellers and service providers from over 600 cities and towns.
Empowered farmers - More than 7,000 farmer producer organizations (FPOs), representing 35 lakh farmers, have been onboarded.
It aligns with ONDC's goal of bridging the gap between rural and urban markets.
MSME growth – It has placed a strong emphasis on fostering the growth of small and medium enterprises (SMEs) through initiatives like the MSME TEAM scheme.

Reference

The Tribune| ONDC’s Significant Milestones

Related News Article - Open Network for Digital Commerce (ONDC)