M1xchange, TReDS Platform (Trade Receivable Discounting System) has signed a MoU with the Ministry of MSME to enable MSMEs with Udyam registration register on M1xchange to discount their invoices.
MOUs and Agreement
M1xchange, TReDS Platform (Trade Receivable Discounting System) has signed a MoU with the Ministry of MSME to enable MSMEs with Udyam registration register on M1xchange to discount their invoices. The MoU was signed during the national seminar on the growth and development of MSMEs in Imphal, Manipur on November 20, 2022. RBI-licensed TReDS is an electronic platform for facilitating the financing of trade receivables of MSMEs through multiple financiers. By virtue of this MoU, all MSMEs registered with Udyam portal of government will be able to register on M1xchange, thereby enabling reach of TReDS to millions of MSMEs in India with their Udyam Login.
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