ENA MSME 2025-07-02 16:05:51 <p><span style="font-size:14px"><strong>New Delhi, July 2 (KNN)</strong> Receivables Exchange of India Ltd (RXIL), a leading Trade Receivables Discounting System (TReDS) platform promoted by SIDBI and the National Stock Exchange (NSE), has surpassed Rs 2 lakh crore in cumulative invoice financing for micro, small, and medium enterprises (MSMEs). </span></p> <p><span style="font-size:14px">This reflects growing traction for formal, digital credit solutions in Indias MSME sector.</span></p> <p><span style="font-size:14px">In FY2024 25 alone, RXIL facilitated invoice financing worth Rs 80,500 crore, with over 44,000 MSMEs registered across 1,600 postal codes nationwide. </span></p> <p><span style="font-size:14px">Backed by stakeholders including the State Bank of India, ICICI Bank, and Yes Bank, and regulated by the Reserve Bank of India (RBI), the platform has enabled the discounting of over 88.5 lakh invoices since inception.</span></p> <p><span style="font-size:14px">RXIL credited its sustained growth to strong ecosystem participation and continued support from the government and financial regulators. </span></p> <p><span style="font-size:14px">The platform facilitates direct settlement of MSME receivables, thereby improving working capital access and strengthening supply chain financing across corporates, central public sector enterprises (CPSEs), and public sector undertakings (PSUs).</span></p> <p><span style="font-size:14px">Reaching Rs 2 trillion in invoice financing reflects our commitment to ensuring credit flow to the MSME sector through innovative, tech-enabled means, said Manoj Mittal, CMD, SIDBI and Chairman, RXIL. This is just the beginning&mdash;RXIL is poised for an even greater role in the MSME credit space.</span></p> <p><span style="font-size:14px">Ketan Gaikwad, MD and CEO, RXIL, emphasised the platforms potential to support a more resilient and inclusive financing ecosystem.</span></p> <p><span style="font-size:14px">With more corporates and government buyers joining, and deepening participation from financiers, RXIL is well-positioned to serve millions of small businesses, he said.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42664 https://knnindia.co.in/news/newsdetails/msme/rxil-treds-crosses-rs-two-lakh-crore-in-msme-invoice-financing 2025-07-02 16:05:51 knnindia.co.in