The HinduDec 28, 2021Amid lockdown, MSME funding platform sees 20% jump in registrations15% of the enterprises that use the system are from T.N.Receivables Exchange of India Ltd. (RXIL), a Trade Receivables Discounting System exchange platform, which helps micro, small and medium enterprises (MSME) auction their receivables and raise capital has seen a 20% increase in registration from Tamil Nadu during the lockdown.Trade Receivables Discounting System (TReDS) is an electronic platform for facilitating the financing and discounting of trade receivable of MSMEs which are due from corporates and other buyers, including government departments and public sector undertakings. MSMEs auction the receivables and raise capital through multiple financiers.At present, there are three TReDS platforms — RXIL, M1xchange and A.TReDS.Read more at The Hindu
15% of the enterprises that use the system are from T.N.Receivables Exchange of India Ltd. (RXIL), a Trade Receivables Discounting System exchange platform, which helps micro, small and medium enterprises (MSME) auction their receivables and raise capital has seen a 20% increase in registration from Tamil Nadu during the lockdown.Trade Receivables Discounting System (TReDS) is an electronic platform for facilitating the financing and discounting of trade receivable of MSMEs which are due from corporates and other buyers, including government departments and public sector undertakings. MSMEs auction the receivables and raise capital through multiple financiers.At present, there are three TReDS platforms — RXIL, M1xchange and A.TReDS.Read more at The Hindu
