RXIL TReDS platform surpasses INR 2tn in MSME invoice financing

The Receivables Exchange of India Ltd (RXIL), a TReDS platform jointly promoted by SIDBI and the National Stock Exchange (NSE), alongside leading banks such as State Bank of India, ICICI Bank, and Yes Bank, has reached a significant milestone, crossing INR 2tn (US$23.44bn) in invoice financing for micro, small, and medium enterprises (MSMEs).

In the fiscal year 2024–25 alone, RXIL enabled financing worth ₹80,500 crore, facilitating access to credit for over 44,000 MSMEs spread across more than 1,600 postal codes. This surge reflects robust participation from key stakeholders and the consistent backing of regulatory authorities and the government.

RXIL attributes this momentum to the efficiency of its digital infrastructure, which ensures direct settlement of invoice payments. This, in turn, has expanded the platform’s geographic reach, driving financial inclusion and strengthening supply chain financing mechanisms for a wide spectrum of participants, including corporates, Central Public Sector Enterprises (CPSEs), and Public Sector Undertakings (PSUs).

Regulated by the Reserve Bank of India (RBI), RXIL has built a fully digital, infrastructure-based ecosystem where more than 88.5 lakh invoices have been discounted to date. This has led to a notable rise in MSME registrations, as businesses increasingly tap into formal sources of working capital.

The leadership at RXIL sees this milestone as just the beginning. Manoj Mittal, CMD of SIDBI and Chairman of RXIL, emphasized that the achievement reflects a steadfast commitment to innovatively expanding credit flow to the MSME sector. He highlighted that this development showcases the growing promise of TReDS platforms as alternative credit avenues for small businesses.

Ketan Gaikwad, MD and CEO of RXIL, expressed optimism about the platform’s future. As more corporate and government entities join the ecosystem and financiers deepen their engagement, RXIL is expected to play an even greater role in shaping a resilient and inclusive credit infrastructure for India’s vast MSME network.