Ludhiana, October 27, 2022 (News Team): Nearly 1.6 lakhs of MSMEs in the state of Punjab will be benefitted with the adoption of a collateral-free unique product known as ‘TReDS by M1xchange, India’s first and leading Trade Receivable Discounting System (TReDS). This product is intended to offer early liquidity within 24-72 hours through its online platform to Micro, Small and Medium Enterprises (MSMEs) sellers in the state and offers a world-class customer experience to MSMEs supported by a convenient and end-to-end digital process.This is a highly effective and efficient solution for over USD 250 million credit gap for MSMEs in India.
