 "The 'Report of the Expert Committee on MSMEs' of 2019 (Chairman: U K Sinha) noted that most large firms deal with MSMEs on a credit basis; and given that buyers do not honour invoices on time, these firms face a financial crunch. MSMEs, on their part")
“The universe of companies on platforms like ours will go up. Now, as far bank funding is concerned, we will have to wait for the central bank’s guidelines,” says
Ketan Gaikwad, managing director (MD) and chief executive officer (CEO), Receivables Exchange of India (RXIL). It is his way of putting it across that measures in the Union Budget for micro, small, and medium enterprises (MSMEs) have many moving parts.
Consider the move to lower the turnover threshold for buyers to Rs 250 crore from Rs 500 crore on the Trade Receivables Discounting System (TReDS), an invoice discounting
