Centre is on the verge to build an e-commerce platform to empower SHGs: PM Modi

ONDC aims to engage buyers and sellers to be digitally adept and transact via., an open network. ONDC is expected to strengthen merchants and consumers by breaking chambers and create a single network to scale up innovation and profit, transfiguring all businesses from retail goods, food to mobility.

By Sneha Sengupta Published on August 15, 2021, 12:42 IST Last updated August 15, 2021, 12:43 IST

https://www.businessupturn.com/nation/india-is-fighting-dual-challenges-of-terrorism-and-expansionism-pm-modi/

Today, Prime Minister Narendra Modi said the government is thinking constructively and aiming to build an e-commerce platform to facilitate the eight crore self-help groups in villages and distribute and sell their self-manufactured products within and outside the national boundaries.

Addressing from the ramparts of the Red Fort on the auspicious occasion of the 75th Independence Day of India, Modi averred that India has to attract its energy together to revamp village economies. “Today, we can see our villages transforming rapidly. In the last few years, the focus was on providing roads and electricity to villages. Now villages are being connected with optical fibre networks and the internet. Digital entrepreneurs are also coming out of villages. The eight crore self-help groups in villages make fine products. The government will build an e-commerce platform to give market access to these products within and outside the country. When the country is moving forward with the mantra of ‘Vocal for Local’, this digital platform will connect women self-help groups to distant parts of the country and the world,” Modi added.

The commerce ministry is dedicatedly working to build an Open Network for Digital Commerce (ONDC) platform to liberalize digital commerce, migrating it from a platform-centric model to an open network for extensive reach. ONDC aims to engage buyers and sellers to be digitally adept and transact via., an open network. ONDC is expected to strengthen merchants and consumers by breaking chambers and create a single network to scale up innovation and profit, transfiguring all businesses from retail goods, food to mobility.

Modi averred that in order to empower the cooperatives at the state level, the government has made a new ministry of cooperation to regulate a similar goal. “India is focusing on ‘sahkarwad’ (co-operative). It is in tune with our tradition and culture. Cooperative, in which the collective energy of people becomes the driving force of the economy, is an important area for the grass-roots sector of the country. Co-operative is not a system of laws and rules, it is a spirit. Co-operative is a frame of mind to march ahead in unison,” Modi added.