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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 ....

New Delhi , Sundeep Mohindru , Sivasubramanian Ramann , Supplier Of Goods Services , Small Medium Enterprises Msmes , Financial Institution , Cluster Development , Medium Enterprises , Small Industries Development Bank , Trade Receivables Discounting , Development Finance , Venture Capital , Institutional Finance , New Delhi India , Ecember 16 Ani Pnn Small Industries Development Bank Of India Sidbi , He Principal Financial Institution Engaged In The Promotion , Nd Development Of Micro , Nd Medium Enterprises Msme Has Partnered With M1xchangeas The Financier This Move Is Expected To Bring Liquidity Msmes At Competitive Interest Rates M1xchange Offers Early Within 24 Hours Through Its Online Bidding Platform End Digital Process Isa Highly Effective And Efficient Solution For Addressing Issue Of Delayed Payment One Three Treds Platforms Regulated By Rbi That Enables Discounting Bills Micro , Mall Amp Medium Enterprises Msmes Resulting In Improvement Of Cash Flow And Liquidity Overall Functioning The Micro , Nd Medium Enterprises Sector Accounts For The Major Share In Number Of India This Is Alsoa Employment Provider Next Only To Agriculture And Therefore , Rowth Of This Sector Assumes Greater Importance Quot The Cost Funding Outside Banking System Is Very High For Msmes With Unique Proposition Offered By M1xchange Treds , Sme Enterprises Will Be Able To Utilise Treds For Discounting Of Receivables From Their Corporate Buyers In Which Multiple Financial Institutions Like Sidbi Can Playa Big Role Turn Procure At Better Prices M1xchange Is Privileged Welcome Coming Onboard Quot Said Sundeep Mohindru , D Amp Ceo M1xchnage Quot Treds Have Become An Effective Tool For Prompt Realization Of Msme 39s Receivables And It Provides Solution To Their Working Capital Requirements We Expect That More Buyers Will Join Use Platforms Effecting Payments Suppliers Contribute Resolving The Issue Delays In Payment Toa Larger Extent Sidbi Being Apex Institution Promotion Development Msmes Is Fully Committed Towards Increasing Flow Credit Growth Said Sivasubramanian Ramann , Idbi Till Date M1xchange Facilitated Bill Discounting Of More Than Rs 37 , 000 Crores To Over 14 , 000 Msme Suppliers Spread Across 1 ,