TReDS Platform Current Affairs, GK & News

What is RXIL?

RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores in March 2021. This shows economic recovery in the country. Also, it shows that the ..

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Govt. launches updated Credit linked Capital Subsidy Scheme

Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari launched the updated Credit linked Capital Subsidy Scheme (CLCSS) to allow micro, small and medium enterprises (MSMEs) access to capital. Union Minister re-Launched the Credit Linked Capital Subsidy (CLCS) web portal during the 2-day workshop on ‘Credit Linked Capital Subsidy and Delayed Payment of MSMEs’ ..

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HAL becomes first PSU to transact on TReDS Platform

State-owned aerospace and defence manufacturer Hindustan Aeronautics (HAL) became the first public sector enterprise (PSU) to make transaction on RXIL TReDS platform. It executed its first digitised invoice discounting transaction on RXIL TReDS platform by accepting digital invoice uploaded by Nasik-based MSME (micro category) vendor Narendra Udyog. This transaction was financed by Bank of Baroda. ..

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