Financial ExpressApr 25, 2022TReDS: Value of MSME invoices financed in FY22 doubles from previous year, triples from FY20Credit and Finance for MSMEs: Invoice discounting mechanism for MSMEs — Trade Receivables Discounting System (TReDS) — regulated by the Reserve Bank of India (RBI) has registered a steep rise in the value of invoices financed in the current financial year vis-a-vis FY21, as per the RBI data. The value of transactions undertaken on TReDS platforms in FY22 doubled to Rs 34,362 crore from Rs 17,080 crore amid Covid in FY21, and more than tripled from Rs 11,165 crore during pre-Covid FY20. The data was shared by MSME Minister Narayan Rane in a written reply to a question in Rajya Sabha on Monday. The overall transaction value since the inception of TReDS in 2017 stood at Rs 69,277.93 crore.Read more at Financial Express
Credit and Finance for MSMEs: Invoice discounting mechanism for MSMEs — Trade Receivables Discounting System (TReDS) — regulated by the Reserve Bank of India (RBI) has registered a steep rise in the value of invoices financed in the current financial year vis-a-vis FY21, as per the RBI data. The value of transactions undertaken on TReDS platforms in FY22 doubled to Rs 34,362 crore from Rs 17,080 crore amid Covid in FY21, and more than tripled from Rs 11,165 crore during pre-Covid FY20. The data was shared by MSME Minister Narayan Rane in a written reply to a question in Rajya Sabha on Monday. The overall transaction value since the inception of TReDS in 2017 stood at Rs 69,277.93 crore.Read more at Financial Express
