Question
Identify the organization that introduced the Trade
Enablement & Marketing (TEAM) scheme, featuring a budget of Rs 277.35 crore to bolster Micro and Small Enterprises (MSEs) through the Open Network for Digital Commerce (ONDC).Solution
SIDBI: Specializes in the financing and development of the MSME sector but does not manage this par RBI: Acts as the central bank and is not involved in direct scheme implementations for MSEs. NSIC: Implements the TEAM scheme under the Ministry of MSME, aimed at enhancing MSEs' e-commerce capabilities. Ministry of MSME: While it oversees various MSE initiatives, the NSIC directly administers the TEAM scheme. ADB: Although it supports regional development, it does not participate in this specific domestic program.
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