RBI's platform bridges India’s $600 billion gap for smaller firms
- Posted on October 22, 2024
- By Business News Today
- 4 Views
RBI's platform bridges India’s $600 billion gap for smaller firms
Indian engineering firm BTL EPC Ltd has seen revenues double and reduced funding costs by 2.5 percentage points through the RBI-backed Trade Receivables Discounting System (TReDS). The platform aids MSMEs in accessing quicker and cheaper capital, reducing working capital credit gaps significantly.
