Summary:

RXIL, a TReDS platform backed by SIDBI and NSE, has reached ₹2,00,000 crore (US$23.35 billion) in cumulative invoice financing for MSMEs. In FY25, RXIL provided ₹80,500 crore (US$9.40 billion) in funding to approximately 44,000 MSMEs across 1,600 postal codes. RXIL, which is regulated by the RBI, has discounted over 88.5 lakh bills using its totally digital system, allowing them fast access to working cash. Chairman of SIDBI and RXIL, Mr. Manoj Mittal, emphasised the platform's significance in providing formal credit options. Mr. Ketan Gaikwad, CEO, underlined increased corporate and government cooperation, which is helping to establish a robust MSME lending environment. RXIL, with policy and stakeholder assistance, continues to advance financial inclusion and credit formalisation for small companies.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.