Trade Receivables e-Discounting System (TReDS) platform Receivables Exchange of India Ltd (RXIL) crosses Rs. 2,00,000 crore (US$ 23.35 billion) MSMEs invoice financing milestone

Receivables Exchange of India Ltd (RXIL), a Trade Receivables e-Discounting System (TReDS) platform jointly promoted by the Small Industries Development Bank of India (SIDBI) and the National Stock Exchange (NSE), has surpassed Rs. 2,00,000 crore (US$ 23.35 billion) in cumulative invoice financing for Micro, Small and Medium Enterprises (MSMEs). In FY25 alone, RXIL facilitated invoice financing worth Rs. 80,500 crore (US$ 9.40 billion), supporting over 44,000 MSMEs across 1,600 postal codes. The platform, regulated by the Reserve Bank of India (RBI), has discounted over 88.5 lakh invoices through its fully digital infrastructure, enabling timely working capital access and streamlining supply chain finance for corporates, Central Public Sector Enterprises (CPSEs), and Public Sector Undertakings (PSUs).
The Chairman of the Small Industries Development Bank of India and of the Receivables Exchange of India, Mr. Manoj Mittal, said the milestone underlines TReDS’ potential as an alternative source of formal credit for MSMEs. The Managing Director and Chief Executive Officer of the Receivables Exchange of India, Mr. Ketan Gaikwad, noted that growing participation from corporates, government entities, and financiers is set to deepen further RXIL’s role in building a resilient and inclusive MSME credit ecosystem. RXIL’s growth has been propelled by strong stakeholder engagement and policy support, reinforcing its role in enhancing financial inclusion and driving the formalisation of credit for India’s small businesses.

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