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    Home»Investment Tips»Government’s ONDC includes digital credit on open network, ‘loans in 6 minutes’
    Investment Tips

    Government’s ONDC includes digital credit on open network, ‘loans in 6 minutes’

    BuzzNewsBy BuzzNewsAugust 22, 2024No Comments1 Min Read
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    Government’s ONDC includes digital credit on open network, ‘loans in 6 minutes’
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    MUMBAI: Open Network for Digital Commerce, a non-profit entity set up by the commerce ministry and the department of promotion of industry and internal trade, has started facilitating digital credit on the open network. According to ONDC, the new setup will ensure fully digital, paperless loans are available in six minutes.
    Govt set up ONDC to allow small businesses’ access to multiple online channels such as marketplaces, social commerce platforms, and e-commerce sites.ONDC allows any local business that plugs into the network to sell its products through these multiple channels.

    Credit Digital Governments includes loans minutes network ONDC open
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