A fee-based arrangement has been reporedly suggested during internal discussions.
The government is planning to tie-up with Amazon and Flipkart to help MSMEs sell their goods to a wider market, according to a report in The Times of India.
The government is also considering a partnership with a financial sector entity to increase business-to-business (B2B) sales of small enterprises.
The report added that the MSME ministry may now abort the idea of setting up its own platform.
Moneycontrol could not independently verify the report.
A fee-based arrangement has been reportedly suggested during internal discussions.A part of the fee will be refunded to the government if a seller chooses to exit a platform within six months, an official told the paper. But if a seller stays on the platform for two years, the fee will not be refunded.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.