The Trade Receivables Discounting System ( TReDS ) platform, the Receivables Exchange of India Ltd (RXIL), has financed over 50 lakh invoices totaling ₹1 lakh crore. The joint venture between SIDBI, NSE, State Bank of India, ICICI Bank, and YES Bank, provides working capital solutions for MSMEs by facilitating invoice financing on the platform. In FY24, RXIL saw monthly invoice financing volumes grow to over ₹6,000 crore. The platform is now targetting financing for ₹75,000 crore worth of invoices in FY25.
Which country's National Assembly has appointed the country's top security official To Lam as its new President?
Which country hosted the 3rd Summit for Democracy?
In which country did the Indian High Commission host the national Davis Cup team, marking their first visit in 60 years?
Which state initiated offering medical education in Hindi on Hindi Diwas Day 2024?
Which Indian state launched the 'Nandini Ksheera Bhagya' scheme for free milk distribution to school children?
The Insolvency and Bankruptcy Code (IBC) was enacted in which year?
Who has recently unveiled its ambitious plan to build the first lunar railway system?
India recently handed over what amount to BIMSTEC Secretariat’s operational budget?
Which country has recently officially declared Pokhara as the 'Tourism Capital' of the country?
Which city serves as the capital of Tajikistan, known for its Pamir Mountains and ancient Silk Road cities ?
