ET GovernmentJan 4, 2022Factoring and Discounting of Bills would help ease Industry’s issues: MSME DirectorWith credit still not available to the end-user, the model of factoring and discounting of bills, which have benefitted industries in countries like the USA can be used as an alternative in India during the pandemic."Factoring and Bill discounting as a product have the potential to address the liquidity issues faced by the MSMEs," stated Anshuman Mohanty, Director, Ministry of MSME, Government of India.He was addressing at the second Global e-Summit 2020 Factoring and Bill Discounting organized by ASSOCHAM.According to the official, there are two major issues with the MSME sector today that is lack of credit and delayed payments.Read more at ET Government
With credit still not available to the end-user, the model of factoring and discounting of bills, which have benefitted industries in countries like the USA can be used as an alternative in India during the pandemic."Factoring and Bill discounting as a product have the potential to address the liquidity issues faced by the MSMEs," stated Anshuman Mohanty, Director, Ministry of MSME, Government of India.He was addressing at the second Global e-Summit 2020 Factoring and Bill Discounting organized by ASSOCHAM.According to the official, there are two major issues with the MSME sector today that is lack of credit and delayed payments.Read more at ET Government
