The Trade Receivables electronic Discounting, meant for easy access to credit for small bushinesses, has seen increased usage in the past year. On a monthly basis, invoices financed through TReDS nearly doubled from a year ago to about Rs 11,000 crore.
Discover the comprehensive list of nominees contending for all 26 awards as part of the ET MSME Awards initiative. The winners for the ET MSME Awards 2023 will be revealed at the grand felicitation ceremony set to take place on December 8, 2023, in New Delhi.
MSMEs dont have deep pockets and so often find themselves in trouble when it comes to realising payments for exports. But a trade platform offers them a way to discount their invoices and get cash in hand almost immediately.