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Grameen Foundation Partners with ONDC for Digital Inclusion of SHGs

Grameen Foundation Partners with ONDC for Digital Inclusion of SHGs

Empowering Women and Small Enterprises: Grameen Foundation Partners with ONDC for Digital Inclusion

In a significant move towards socio-economic development and digital empowerment, the Grameen Foundation for Social Impact has joined forces with the Open Network for Digital Commerce (ONDC). This strategic partnership, formalized through a Memorandum of Understanding (MoU), is poised to uplift diverse business entities by leveraging digital solutions.

Supporting Farmer Producer Organizations and Small Enterprises

The initiative primarily aims to bolster Farmer Producer Organizations (FPOs), nano, micro, small, and medium enterprises (NMSMEs), Self Help Groups (SHGs), women entrepreneurs, and startups. By integrating digital solutions into their operations, the partnership seeks to enhance their competitiveness and sustainability.

Leveraging Combined Strengths for Maximum Impact

Grameen Foundation and ONDC plan to harness their combined strengths to improve the lives of the economically disadvantaged, especially women. This collaboration focuses on fostering financial inclusion, enhancing digital literacy, and promoting entrepreneurship. By doing so, they aim to democratize the digital economy, ensuring its benefits reach every segment of society.

A Vision for Global Poverty Eradication

Bharati Joshi, Interim CEO of Grameen Foundation for Social Impact, emphasized the organization’s global mission, stating, “Globally, Grameen aims to put poverty in museums. We lead with gender and transform through technology. We believe in investing in the power of the poor, especially women, so they can ensure a quality life for themselves and their families. We see the ONDC Network as a natural collaborator in bridging the gap in information and market access and blurring digital boundaries for the last mile.”

Creating an Inclusive Digital Ecosystem

Shireesh Joshi, Chief Business Officer of ONDC, echoed this sentiment, highlighting the network’s commitment to fostering an inclusive digital ecosystem. “The ONDC Network is committed to fostering an inclusive digital ecosystem that provides equal opportunities for businesses of all sizes and backgrounds. By breaking down barriers, we are empowering diverse entities, from nano enterprises to women entrepreneurs, to thrive in the digital economy. Together with the Grameen Foundation for Social Impact, we are looking forward to democratizing the digital economy and ensuring that its transformative power reaches every corner of our society.”

Grameen Foundation Partners with ONDC for Digital Inclusion of SHGs

The Grameen Foundation has long been at the forefront of efforts to help the poor, especially women, overcome poverty and hunger. Its various programs promote entrepreneurship, digital literacy, and financial inclusion. In recent years, Grameen has focused on improving the quality and viability of business correspondents, who play a critical role in financial inclusion at the grassroots level.

Enhancing Digital Onboarding and Inclusion

By partnering with ONDC, Grameen aims to streamline the onboarding process for those excluded from the digital economy, making it more efficient and seamless. The initiative will employ a variety of methods, including education, sensitization, and facilitation, to ensure smooth onboarding. This process will open up numerous business opportunities for FPOs, NMSMEs, SHGs, women entrepreneurs, and startups.

Accelerating Digital Inclusion and Business Development

The collaboration between Grameen and ONDC is set to accelerate digital inclusion and drive business development for these entities and their members. By leveraging digital technologies, the partnership will enable these organizations to access new markets, improve their operational efficiencies, and enhance their overall competitiveness.

Conclusion

The partnership between the Grameen Foundation and ONDC marks a significant step towards creating a more inclusive and equitable digital economy. By empowering women and small enterprises through digital inclusion, this collaboration promises to transform lives and uplift communities. As both organizations work together, their combined efforts will undoubtedly lead to a brighter and more prosperous future for all.

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