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Get latest articles and stories on Business at LatestLY. Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) has partnered with M1xchangeas the financier. This move is expected to bring liquidity to MSMEs at competitive interest rates. Business News | To Enhance Proactive Government Initiative of TReDs, M1xchange Onboards SIDBI as a Financier.
New Delhi [India], December 16 (ANI/PNN): Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) has partnered with M1xchangeas the financier. This move is expected to bring liquidity to MSMEs at competitive interest rates. M1xchange offers early liquidity to MSMEs within 24 hours through its online bidding platform through end-to-end digital process. This is a highly effective and efficient solution for addressing the issue of delayed payment of MSMEs. M1xchange is one of three TReDS platforms. TReDS is regulated by RBI that enables discounting of bills of Micro, Small & Medium Enterprises (MSMEs) resulting in improvement of cash flow and liquidity and overall improvement in functioning of MSMEs. The Micro, Small, and Medium Enterprises sector accounts for the major share in the number of enterprises in India. This sector is also a major employment p
IndiaMART & BEENEXT, the existing shareholders have invested Rs. 38 crores approximately to acquire an additional stake of 3.4% & 1.99% respectively in India s largest TReDS platform Mynd Solution s M1xchange.