Discounts, incentives not funded by govt money, clarifies ONDC CEO Koshy

CEO of Open Network for Digital Commerce (ONDC) T Koshy on Thursday revealed that no government money is being used to offer discounts and incentives on its platform.

In an interview with Moneycontrol, ONDC chief said, “ONDC, as the network orchestrator, has introduced certain limited interventions and incentives for a limited period to jumpstart the network and to support broad-based adoption. This support is given to the network participants from ONDC’s funds. None of these incentives provided by ONDC are from the government budget.”

Koshy’s statement comes in response to questions that are now being raised over the source of funds for discounts and incentives offered on the platform. ONDC is a government-backed platform, that helps businesses.