M1xchange plans to strengthen MSMEs

India’s leading TReDS Platform M1xchange plans to strengthen more than 47 lakhs of MSMEs in Maharashtra through Trade Receivable Discounting System (TReDS) primarily focusing on automobile, agriculture and textile and chemical sectors.

The platform intends to offer early liquidity within 24 hours through its online bidding platform to Micro, Small and Medium Enterprises at a competitive rate in the state and offers a digital customer experience to MSMEs supported by a convenient and end-to-end digital process. This is a highly effective and efficient solution for the credit gap for MSMEs in India

The RBI-approved TReDS platform M1xchange has signed MOU with multiple state governments. The support from the Govt. helps MSMEs operating in these regions to get easy access to working capital through M1xchange TReDS.M1xchange has also signed MOU with the Ministry of MSME for Udyam portal, MSMEs will benefit from a two-way exchange of information between Udyam portal and M1xchange. All Udyam registered MSMEs will be able to onboard on M1xchange with an easy convenient process enabling them to leverage the full force of TReDS and access liquidity at the lowest possible cost in the country.