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TReDS - Bill Discounting Sees Early Success But Challenges Remain
Volumes on India’s trade receivable discounting platforms are rising but financing is restricted to some.
19 Oct 2021, 08:14 PM IST
Delayed payments from clients, including large firms and sometimes even government units, has been a persistent problem for the country’s small businesses. While large businesses may also face similar problems, smaller firms find it tougher to get the working capital needed to tide over a period of delayed payments.To address this problem, the Reserve Bank of India proposed the Trade Receivable Discounting System in 2015 and licensed...
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