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This follows the recent approval received by C2FO s wholly-owned subsidiary, C2FO Factoring Solutions Private, from the Reserve Bank of India, to operationalise the TReDS platform, the company said in a release. TReDS, an initiative introduced by the Reserve Bank of India (RBI) and backed by the Ministry of Micro, Small & Medium Enterprises (MSME), addresses the liquidity & working capital challenges faced by MSMEs. ....
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. ....
RBI s invoice discounting platform (TReDS), meant for easy access to credit for small businesses, has seen increased usage in the past year. This and more in today s ETtech Morning Dispatch. ....
There are other provisions in the GST and taxation regime that can be further used to enable faster payments, at least to the small and micro segments, Das said ....