Synopsis Launched in 2016, RXIL, a joint venture between the Small Industries Development Bank of India (SIDBI) and the National Stock Exchange of India Limited (NSE) with State Bank, ICICI and Yes Bank as other stakeholders. Getty Images The government with the support of RBI, Ministry of Finance and Ministry of MSME has been promoting TReDS as an effective tool to address the working capital woes of MSMEs. NEW DELHI: Receivables Exchange of India Ltd (RXIL), leading invoice discounting platform for MSMEs, on Tuesday said it has crossed monthly transaction volumes of Rs 1,000 crore in the month of March. The growth of transaction volumes from Rs 69 crore in April 2020, to Rs 1,105 crore in March 2021 indicates the revival and resumption of the economic activity, RXIL said in a statement.