The Indian ExpressDec 28, 2021MSME liquidity line set to widen as more NBFCs start ‘factoring’Factoring law amendments have been cleared in both Houses of Parliament in the current session.This will enable nearly 9,000 NBFCs to participate in the factoring market instead of just seven now.Parliament’s clearance to The Factoring Regulation (Amendment) Bill, along with a government plan to mandate companies with over Rs 250-crore annual turnover to register on the TReDS (Trade Receivables Discounting System) platform, will significantly boost funding availability for MSMEs, lower interest costs and improve cash management, industry sources said.Currently a handful of NBFCs and banks were providing funding to MSMEs against their receivables.Factoring law amendments have been cleared in both Houses of Parliament in the current session.Read more at The Indian Express
Factoring law amendments have been cleared in both Houses of Parliament in the current session.This will enable nearly 9,000 NBFCs to participate in the factoring market instead of just seven now.Parliament’s clearance to The Factoring Regulation (Amendment) Bill, along with a government plan to mandate companies with over Rs 250-crore annual turnover to register on the TReDS (Trade Receivables Discounting System) platform, will significantly boost funding availability for MSMEs, lower interest costs and improve cash management, industry sources said.Currently a handful of NBFCs and banks were providing funding to MSMEs against their receivables.Factoring law amendments have been cleared in both Houses of Parliament in the current session.Read more at The Indian Express
