Open Network for Digital Commerce (ONDC) and SIDBI (Small Industries Development Bank of India have signed a Memorandum of Understanding (MoU) to accelerate e-commerce for the Micro, Small and Medium Enterprises (MSMEs).

The MoU aimed to change the landscape of MSMEs by bringing them into the ONDC network and accelerating their participation in e-commerce. ONDC, a first-of-its-kind initiative to democratise the country’s e-commerce ecosystem.

The association will establish a programmatic approach for MSMEs.