Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic

    January 23, 2023

    360 ONE acquires Mumbai Angels; announces two new funds with them

    January 23, 2023

    Kotak General Insurance partners with Clootrack to enhance customer centricity

    January 23, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » SIDBI partners with M1xchange as financier to provide more liquidity to MSMEs
    Banking

    SIDBI partners with M1xchange as financier to provide more liquidity to MSMEs

    The tie-up between SIDBI and M1xchange is expected to bring liquidity to MSMEs at competitive interest rates.
    December 19, 20222 Mins ReadBy Bfsinxt Desk
    Twitter LinkedIn WhatsApp
    The tie-up between SIDBI and M1xchange is expected to bring liquidity to MSMEs at competitive interest rates.

    Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) has partnered with M1xchange as the financier. This move is expected to bring liquidity to MSMEs at competitive interest rates.

    M1xchange offers early liquidity to MSMEs within 24 hours through its online bidding platform through end-to-end digital process.

    M1xchange is one of three TReDS platforms. TReDS is regulated by RBI that enables discounting of bills of Micro, Small & Medium Enterprises (MSMEs) resulting in improvement of cash flow and liquidity and overall improvement in functioning of MSMEs.

    “The cost of funding outside the banking system is very high for MSMEs. With this unique proposition offered by M1xchange TReDS, MSME enterprises will be able to utilise TReDS for discounting of receivables from their corporate buyers in which multiple financial institutions like SIDBI can play a big role. Corporate buyers in turn will be able to procure at better prices. M1xchange is privileged to welcome SIDBI for coming onboard” said Sundeep Mohindru, MD & CEO -M1xchnage.

    “TReDS have become an effective tool for prompt realization of MSME’s receivables and it provides for an effective solution to their working capital requirements. We expect that more and more Buyers will join and use TReDS platforms for effecting payments to their MSME suppliers and contribute to resolving the issue of delays in payment of MSME receivables to a larger extent. SIDBI being an apex institution for promotion & development of MSMEs is fully committed towards increasing the flow of credit to MSMEs for their growth” said Sivasubramanian Ramann,  CMD, SIDBI.

    M1xchange MSME SIDBI
    Previous ArticleAU Small Finance Bank and HDFC Life announce Bancassurance tie-up
    Next Article Piramal Finance launches ‘Innovation Lab’ in Bengaluru
    Bfsinxt Desk

    Related Posts

    AU Small Finance Bank introduces menstrual leaves for women employees

    January 18, 2023

    ICICI Bank launches digital solutions for exporters

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022

    AU Small Finance Bank and HDFC Life announce Bancassurance tie-up

    December 19, 2022

    Leave A Reply Cancel Reply

    Recent Posts

    • PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic
    • 360 ONE acquires Mumbai Angels; announces two new funds with them
    • Kotak General Insurance partners with Clootrack to enhance customer centricity
    • Upstox partners with ‘Trading View’ to empower traders with simplicity
    • AU Small Finance Bank introduces menstrual leaves for women employees

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    PLANET App by L&T Financial Services Crosses 1.5 Million Downloads

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022

    Piramal Finance launches ‘Innovation Lab’ in Bengaluru

    December 19, 2022

    Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance, India’s largest retail finance NBFC

    December 5, 2022
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.