Home > Practice > Current Affairs > May - 2024 > May 20, 2024
1. Which platform has facilitated over 50 lakh invoices worth ₹1,00,000 crore in MSME invoice financing?
RXIL's Trade Receivables Discounting System (TReDS) platform has achieved a significant milestone by facilitating financing of over 50 lakh invoices worth ₹1,00,000 crore since its inception. This platform plays a crucial role in providing accessible working capital financing solutions to MSMEs, contributing to India's economic growth and journey towards a ₹5 trillion economy.