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RXIL
April 11 , 2021
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- RXIL is Receivables Exchange of India.
- Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores.
- The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores in March 2021.
- This shows economic recovery in the country.
- Also, it shows that the MSME sector that was badly hit during COVID-19 is getting revived.
Note
- RXIL was incorporated in 2016.
- It is a joint venture between Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited.
- It operates TReDS.
TReDS
- TReDS is an electronic platform that facilitates financing of MSMEs through multiple financiers.
- The main three participants in the TreDS are,
- MSMEs (sellers),
- financiers and
- Corporate entities (buyers).
- According to RBI, only MSMEs can participate as sellers in TReDS.
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