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Receivables Exchange of India (RXIL), which was making news recently, is associated with which sector?
Agriculture
Foreign Exchange
MSMEs
Gold Import
Receivables Exchange of India (RXIL) is the invoice discounting platform for MSMEs. It is a TReDS (Trade Receivables Discounting System) Exchange Platform accredited by the RBI. RXIL recently announced that it has discounted receivables of Rs 1,000 crores in a month. The platform has over 7000 registered MSMEs and have processed over 5,00,000 invoices, since its launch in 2017.
By: santosh ProfileResourcesReport error
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