Open Network for Digital Commerce (ONDC): Yet another buzzword or a bridge to inclusive and universal market access?
India has more than 63.39 million micro, small, and medium enterprises (MSMEs), which employ 111 million people and cumulatively contribute 30.27% to the GDP. Yet these MSMEs face two related but significant challenges—access to capital and market. Open Network for Digital Commerce (ONDC) is an initiative to promote open networks for the exchange of goods and services over digital or electronic networks nationwide. Our blog talks about the crucial role ONDC could play to unlock lending opportunities for MSMEs and improve their access to online marketplaces.
Yes!poho: Weaving a growth story for the handloom industry
Yes!poho is an experience-based social platform that connects handloom artisans and customers directly using technology. Its technology layer helps cut down the intermediaries involved in the supply chain, improving the artisan incomes. Read its success story to know how it has impacted the weaving community positively.
The role of technology in bridging financing gaps for MSMEs
This video highlights the critical role played by micro, small and medium enterprises in economic growth under the Financial Inclusion Lab accelerator program in supporting the LMI workforce. The Lab is a part of CIIE.CO’s Bharat Inclusion Initiative and receives support from some of the largest philanthropic organizations across the world. These include the Bill & Melinda Gates Foundation, J.P. Morgan, Michael & Susan Dell Foundation, MetLife Foundation, and the Omidyar Network.
Philippines: Impact of COVID-19 on Micro, Small, and Medium Enterprises (MSMEs)
The extended community quarantine imposed by the government to contain the spread of COVID-19 has adversely affected MSMEs in the Philippines. This report outlines the impact of the pandemic on MSMEs and provides recommendations for policymakers to support their recovery.