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Wednesday, November 13, 2024

‘Tech helped bridge Rs 52 lakh crore funding gap for MSMEs’

The trade receivables discounting system (TReDS) is helping Indian MSMEs address delayed payments by allowing them to sell unpaid invoices to financiers at a discounted rate. This has provided much-needed cash flow and reduced financing costs, bridging the credit gap and enabling reinvestment and growth.

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‘Tech helped bridge Rs 52 lakh crore funding gap for MSMEs’

The trade receivables discounting system (TReDS) is helping Indian MSMEs address delayed payments by allowing them to sell unpaid invoices t...