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The ONDC Initiative, launched by DPIIT under the Ministry of Commerce and Industry (MoC&I), is set to revolutionize digital commerce.

National | Dated: 07 Jan 2025

The Open Network for Digital Commerce (ONDC) is an initiative launched by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry (MoC&I), Government of India, aimed at transforming digital commerce in India.

🎯 Key Highlights:

  • - The goal is to promote open networks for goods and services across digital or electronic platforms.
  • - It started as a pilot project in April 2022 in five Indian cities: New Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong.
  • - ONDC uses an open-sourced approach, which works on open specifications and network protocols, independent of specific platforms.

💡 Other Important Facts:

  • (i) ONDC was established as a non-profit Section-8 company on December 31, 2021, with a capital of Rs. 500 crore and is incubated by the Quality Council of India (QCI), which was later joined by Mumbai-based Protean eGov Technologies Limited as its co-founder.
  • (ii) ONDC aims to create a level playing field for sellers, buyers, and service providers across India, with a special focus on Micro, Small, and Medium Enterprises (MSMEs).
  • (iii) It functions as a unified platform where stakeholders can interact freely, without being limited by exclusive ecosystems.

📚 Test Your Knowledge:

Which recently launched initiative by DPIIT under MoC&I is set to transform digital commerce in India?

Correct Answer: ONDC

🚀 Quick Recap:

About Open Network for Digital Commerce (ONDC)

  • MD & CEO : Thampi Koshy
  • Headquarters : New Delhi