Financial ExpressMay 5, 2022TReDS: Only 35% companies registered on invoice discounting platform out of nearly 5,000 identifiedCredit and Finance for MSMEs: A year after the government identified total companies with a turnover of more than Rs 500 crore to onboard the trade receivables financing platform TReDS, the registration count is far from 100 per cent. According to the information available from the MSME Ministry, 4,714 such companies were identified by the Ministry of Corporate Affairs in April 2021. After filtering out companies registered on TReDS and which were central government enterprises, 1,661 companies (35.2 per cent) had registered themselves as of April 1, 2022, on the TReDS platform.Read more at Financial Express
Credit and Finance for MSMEs: A year after the government identified total companies with a turnover of more than Rs 500 crore to onboard the trade receivables financing platform TReDS, the registration count is far from 100 per cent. According to the information available from the MSME Ministry, 4,714 such companies were identified by the Ministry of Corporate Affairs in April 2021. After filtering out companies registered on TReDS and which were central government enterprises, 1,661 companies (35.2 per cent) had registered themselves as of April 1, 2022, on the TReDS platform.Read more at Financial Express
