Receivables Exchange of India Ltd (RXIL), a leading invoice discounting platform for MSMEs, has achieved a monthly throughput of ₹2,000 crore for the first time in the month of March 2022.

Read more: https://www.thehindubusinessline.com/economy/treds-platform-rxil-doubles-biz-volume-to-over-13400-cr-in-fy21-22/article65286717.ece

Last week, the Parliamentary Standing Committee on Industry made a case for extending the repayment period under the Emergency Credit Line Guarantee Scheme (ECLGS) up to seven to eight years, from the current three to four years. The scheme was rolled out in May 2020 as part of a relief package for micro, small, medium and small enterprises (MSMEs) at a time when they were reeling from stress caused by the pandemic. The committee’s announcement was not unexpected, for Finance Minister Nirmala Sitharaman had said so in her Budget speech — but this lifeline was to be alive.

Read More: https://www.business-standard.com/article/finance/micro-small-and-medium-enterprises-staring-at-enduring-financial-distress-122032700847_1.html

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: https://www.financialexpress.com/industry/sme/msme-fin-treds-value-of-msme-invoices-financed-in-fy22-doubles-from-previous-year-triples-from-fy20/2466818/

Artfine, a specialist supply-chain financing firm which recently secured the NBFC factoring license from RBI through its group company Arth Padarth Factoring and Finance Pvt Ltd, has partnered with Receivables Exchange of India Ltd (RXIL) to onboard on RXIL as a financier. The objective of the partnership is to finance invoice factoring for MSMEs and helping the MSMEs sell their receivables on RXIL's TReDS platform. Artfine also intends to integrate their invoice discounting platform 'ArtfineBilz' with RXIL to offer seamless customer experience, provide new products and increase its reach with the corporates as well as MSMEs.

Read More: https://www.bizzbuzz.news/amp/eco-buzz/artfines-arth-padarth-factoring-joins-rxils-treds-platform-1116454

A status quo in repo rate underlines RBI's priority in supporting GDP growth amid the lingering impact of the pandemic, while additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday.

Read more:
http://www.businessworld.in/article/RBI-Measures-For-MSMEs-Contact-intensive-Sectors-Augur-Well-For-Economy-/11-02-2022-420241/

Artfine, a specialist supply-chain financing firm which recently secured the NBFC factoring license from RBI through its group company Arth Padarth Factoring and Finance Pvt Ltd. has partnered with Receivables Exchange of India Ltd. (RXIL) to onboard on RXIL as a financier. The objective of the partnership is to finance invoice factoring for MSMEs and helping the MSMEs sell their receivables on RXIL’s TReDS platform. Artfine also intends to integrate their invoice discounting platform “ArtfineBilz” with RXIL to offer seamless customer experience, provide new products and increase its reach with the Corporates as well as MSMEs.

Read More: https://www.apnnews.com/artfines-arth-padarth-factors-joins-rxils-treds-platform/

Artfine, a specialist supply-chain financing firm which recently secured the NBFC factoring license from RBI through its group company Arth Padarth Factoring and Finance Pvt Ltd. has partnered with Receivables Exchange of India Ltd. (RXIL) to onboard on RXIL as a financier. The objective of the partnership is to finance invoice factoring for MSMEs and helping the MSMEs sell their receivables on RXIL’s TReDS platform.

Read More:

https://ibsintelligence.com/ibsi-news/artfines-arth-padarth-factors-joins-rxils-treds-platform/

Artfine, a specialist supply-chain financing firm which recently secured the NBFC factoring license from RBI through its group company Arth Padarth Factoring and Finance Pvt Ltd. has partnered with Receivables Exchange of India Ltd. (RXIL) to finance invoice factoring for MSMEs and helping the MSMEs sell their receivables on RXIL’s TReDS platform.

Read More: 

https://knnindia.co.in/news/newsdetails/msme/artfine-collaborates-with-rxil-to-finance-invoice-factoring-for-msmes

Artfine, a specialist supply-chain financing firm which recently secured the NBFC factoring license from RBI through its group company Arth Padarth Factoring and Finance Pvt Ltd. has partnered with Receivables Exchange of India Ltd. (RXIL) to finance invoice factoring for MSMEs and helping the MSMEs sell their receivables on RXIL's TReDS platform.

Read More: 

https://menafn.com/1103746218/India-Artfine-collaborates-with-RXIL-to-finance-invoice-factoring-for-MSMEs

Artfine, a specialist supply-chain financing firm has partnered with Receivables Exchange of India

Read More: https://bcrpub.com/news/indian-scf-provider-signs-cooperation-agreement-rxil-digital-invoice-finance

A status quo in repo rate underlines RBI's priority in supporting GDP growth amid the lingering impact of the pandemic, while additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday. For the 10th time in a row, the six-member rate setting Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the key repo rate unchanged at 4 per cent, mainly to support growth as  ..
 

A status quo in repo rate underlines RBI's priority in supporting GDP growth amid the lingering impact of the pandemic, while additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday.

Read More: https://www.business-standard.com/article/finance/rbi-measures-for-msmes-contact-intensive-sectors-augur-well-for-economy-122021001696_1.html

Credit and Finance for MSMEs: The Reserve Bank of India (RBI) in its monetary policy review on Thursday enhanced the National Automated Clearing House (NACH) mandate limit from Rs 1 crore to Rs 3 crore for settlements related to the invoice discounting mechanism for MSMEs — Trade Receivables Discounting System (TReDS). In his statement, RBI Governor Shaktikanta Das said, “Keeping in view the requests received from stakeholders and to further enhance the ease of financing the growing liquidity requirements of MSMEs, it is proposed to increase the NACH mandate limit from Rs 1 crore at present to Rs 3 crore for TReDS related settlements.”

Read More: https://www.financialexpress.com/industry/sme/msme-fin-msme-invoice-discounting-rbi-increases-nach-mandate-limit-from-rs-1-cr-for-treds-settlements/2430304/

In view of the growing liquidity requirements of Micro, Small and Medium Enterprises (MSMEs) and requests from industry, the National Automated Clearing House (NACH) mandate limit for Trade Receivables Discounting System (TReDS) settlements would be increased to ₹3 crore.

Read More:

https://www.thehindubusinessline.com/money-and-banking/nach-mandate-limit-for-treds-settlements-to-be-hiked-to-3-crore/article64999546.ece

The Reserve Bank of India (RBI) in its monetary policy review on Thursday enhanced the National Automated Clearing House (NACH) mandate limit from Rs 1 crore to Rs 3 crore for settlements related to the invoice discounting mechanism for MSMEs — Trade Receivables Discounting System (TReDS). In his statement, RBI Governor Shaktikanta Das said, “Keeping in view the requests received from stakeholders and to further enhance the ease of financing the growing liquidity requirements of MSMEs, it is proposed to increase the NACH mandate limit from Rs 1 crore at present to Rs 3 crore for TReDS related settlements.” 

Read More:

https://www.msn.com/en-in/money/markets/msme-invoice-discounting-rbi-increases-nach-mandate-limit-from-rs-1-cr-for-treds-settlements/ar-AATGrrY

Ease of Doing Business for MSMEs: Despite credit-related measures announced by the government since Covid struck in 2020, a large number of MSMEs haven’t been able to access them, particularly those who had never secured bank credit. Also, crores of small businesses, which aren’t registered as MSMEs, were left high and dry during the pandemic.

Read More:

https://www.financialexpress.com/industry/sme/msme-eodb-msme-budget-2022-expectations-three-key-areas-experts-say-fm-nirmala-sitharaman-must-address/2417204/