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FinancierGovernment keen to encourage seamless finance for MSME
Caught between a slowing economy and sticky rate of job creation, the Union Government has put focus on rejuvenating the MSME (Micro, Small and Medium Enterprises) sector in kick starting the sagging growth rate. In one such measure the Government will soon amend the Factoring Regulation Act 2011.
SMEs can call out big firms for dues, thanks to a tweak in IBC
The Insolvency and Bankruptcy Code (IBC) has provided small enterprises in India the window to force large companies to stump up pending dues. Information utility National e-governance services Ltd. (NeSL) will make public the names of companies that default.
Airport Authority of India, Air India and Air India Express join TReDS platform M1xchange
TReDS helps MSMEs get their bills discounted at a competitive rate through an auction where multiple registered financiers can participate.
How Credit Guarantee Fund for factoring may solve liquidity crunch for MSMEs
MSME sector plays a vital role from the standpoint of spurring economic growth and providing stability to any country. The sector in India, however, has to confront the lack of adequate credit flow through formal lending infrastructures due to which most ideas do not often fructify and the promoter experiences challenge of increasing borrowing costs from informal channels by paying usurious interest.
एसएमई प्लेटफॉर्म से घट रही उद्यमियों की लागत, मिल रहा सस्ता लोन
आरबीआई की अनुमति से चुरू हुए ऑनलाइन मार्केटप्लेस ट्रे रिसिवेबल डिस्काउंटिंग सिस्टम (ट्रेड्स) के कारण लघु उद्यमियों की लागत घटने के साथ उनकी प्रतिस्पर्धी क्षमता बढ़ने लगी है…
M1xchange sees NBFCs driving TReDS volumes
MUMBAI – The Budget proposal to allow non-banking finance companies to participate in Trade Receivables Discounting System, or TReDS platforms, is likely to increase the liquidity on these platforms “manifold”, according to M1xchange Chief Executive Officer Sundeep Mohindru.
TReDS platform charts explosive growth
The Trade Receivable Discounting System (TReDS), an online bill discounting platform that helps cash-starved micro, small and medium enterprises (MSMEs) raise funds by selling their trade receivables to corporates, has been witnessing phenomenal growth over the last two years.
With 28 banks and NBFCs on board, how TReDS platform M1xchange financed Rs 3,000 Cr worth MSME invoices in 2 years
Micro, Small and Medium Enterprises (MSMEs) face severe challenges in converting their trade receivables into liquid funds. This means when they sell goods or render their services, they don’t always receive the payments in good time.
BoM and M1Xchange partner for MSME bill discounting
For Micro, Small and Medium Enterprises (MSME) bill discounting, State-owned Bank of Maharashtra (BoM) has partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform.
एसएमई प्लेटफॉर्म से घट रही उद्यमियों की लागत
आरबीआई की अनुमति से शुरू हुए ऑनलाइन मार्केटप्लस ट्रेड रेसीवेबल डिस्कॉउंटिंग सिस्टम (ट्रेड्स) के कारण लघु उद्यमियों की लागत घटने के साथ उनकी प्रतिस्पर्धी क्षमता बढ़ने लगी है…