Question

In June 2024, the Government launched 'MSME TEAM', which aims to facilitate _______ micro and small enterprises for Open Network for Digital Commerce?

• A. 10 lakh
• B. 2 lakh
• C. 5 lakh
• D. 3 lakh

Answer 1

Answer:

C. 5 lakh

In June 2024, the Government launched 'MSME TEAM' to facilitate 5 lakh micro and small enterprises for the Open Network for Digital Commerce (ONDC). The objective of MSME-TEAM Initiative is to provide assistance to micro and small enterprises all across the country. However, awareness workshops will be conducted preferably in Tier 2 and Tier 3 cities and MSME Clusters for greater outreach, especially among women and SC/ ST owned MSMEs. The MSME TEAM Initiative, being a sub-scheme, is for a period of three years upto March 2027. However, MSMEs can continue to onboard onto ONDC, which is an open network.