India, Sept. 25 -- The Government of India has issued a release:
In line with the Union Budget Announcement to provide credit guarantee cover on Trade Receivables Discounting System (TReDS) platform, the Ministry of Micro, Small and Medium Enterprises has rolled out provisioning of credit guarantees on invoice discounting of Micro and Small Enterprises.
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Portal of the Ministry of MSME has now been integrated with the TReDS ecosystem, and Credit Guarantee Coverage is now available on three platforms: M1xchange, RXIL and DTX (KredX). This is among the Ministry of MSME and CGTMSE's fastest technology-enabled roll-outs; bringing credit guarantee support closer to Micro an...