Nearly 1.6 Lakhs of MSMEs in Punjab will benefits with M1xchange TReDS

Nearly 1.6 lakhs of MSMEs in the state of Punjab will be benefit ted with the adoption of a collat eral-free unique product known as ‘TREDS by MIxchange, India’s first and leading Trade Receivable Discounting System (TREDS). This product is intended to offer early liquidity within 24-72 hours through its online platform to Mi- cro, Small and Medium Enterpris- es (MSMEs) sellers in the state and offers a world-class customer ex- perience to MSMEs supported by a convenient and end-to-end digital process. This is a highly effective and efficient solution for over USD 250 million credit gap for MSMEs in India.