Department of Industries & Commerce signs MoU with YES Bank

Kohima: Primary aim of tripartite agreement is to collaborate in facilitating digital sales for small businesses, farmers, entrepreneurs, etc., through ONDC platform

BY | Thursday, 7 March, 2024

The Department of Industries & Commerce, Government of Nagaland, the Nodal department for promoting and advancing the successful implementation of the Open Network for Digital Commerce (ONDC) initiative within the state, entered into a Memorandum of Understanding with YES Bank and Sellmetric Pvt. Limited today at the Directorate of Industries & Commerce, DIPR has informed.

Open Network for Digital Commerce (ONDC), is a flagship initiative of Department for Promotion of Industry & Internal Trade (DPIIT) under the Ministry of Commerce & Industry to democratize e-commerce.

According to DIPR, the primary aim of this tripartite agreement is to collaborate in facilitating digital sales for small businesses, farmers, entrepreneurs, etc., through the ONDC platform, which is a new initiative backed by the Government of India.

Officials present at the MoU signing were – Commissioner & Secretary, Industries & Commerce, Kekhrievor Kevichusa, Director, Industries & Commerce, A. Temjen Jamir, Additional Director, Industries & Commerce, Y. Lipongse Thongtsar from the department, and Nitin Kuchhal, Executive Vice President, Digital Banking Sales, and Priyanku Sharma, Vice President, Digital Banking Sales, representing YES Bank.

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