- Formalisation of MSMEs: The integration of MSMEs into the digital commerce
ecosystem leads to formalisation of their operations, ensuring compliance with
regulations and enhancing their legitimacy in the market. This can improve their access
to financial services and government support.
- Digitization of MSMEs thereby enhancing their competitiveness: Embracing
ecommerce can drive the digitization of MSMEs' operations, enabling them to
streamline processes, optimise supply chains, and improve overall efficiency. This
enhanced competitiveness can help MSMEs thrive in a rapidly evolving business
landscape.
- Creation of public digital asset for MSMEs: Create a MSME specific marketing
Digital Public Infrastructure – Udyami Bharat Digital Commerce (UBDC), which will
create the necessary public digital infrastructure (a B2B Seller App, a B2B Buyer App
and a B2C Seller App) for digitalization of commerce for MSMEs. This application
will onboard MSME buyers and sellers and enable e-commerce transactions.
- Cost of Doing Business: MSMEs will have access to a significantly higher number of
buyers, suppliers and service providers through UBDC which will help bring the cost
of doing business down. The cost of doing business including commission would be
lower than what is charged by traditional e-Commerce platforms. This will allow even
the smallest of units to conduct online transactions.
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Enabling and making them export ready: By participating in e-commerce, MSMEs
can expand their reach to international markets, making them more export ready. The
digital platform provides access to a global customer base, potentially boosting export
opportunities and contributing to the growth of the local economy.
- Convergence with all government initiatives: Converge Msme TEAM Initiative, Udyam database, Trade Receivables electronic Discounting System,
Online Dispute Resolution solution, Credit Support programmes, Interest Subvention
programmes, mSeva, Digilocker, Digital MSME scheme, etc that align with the
objectives of the MSME TEAM initiative.
- Expanding Market Reach for MSMEs: Enable MSMEs to present their products
and services to a wider audience, unlocking new market prospects beyond their
conventional local customer base.
- Simplified Digital Infrastructure through ONDC: Ease the burden on MSMEs to
invest in developing their own digital setup or e-commerce platforms. By capitalising
on the ONDC ecosystem, MSMEs can access a readily available digital framework,
complete with online storefronts, payment gateways, and logistical support.
- Enhancing Credibility and Financial Standing: Strengthen the trustworthiness and
credibility of MSMEs by establishing their digital presence and transaction history.
- Localised e-commerce Access: Offer MSMEs access to e-commerce platforms in
their native languages, starting with Hindi and English, while allowing for the addition
of more languages to support the Government of India's "Local for Global" initiative.
- Nationwide Outreach and Education: Engage with MSMEs across the nation
through awareness campaigns and workshops, educating them about the advantages
and practicality of embracing e-commerce platforms.
