{"id":6673,"date":"2024-06-14T02:42:59","date_gmt":"2024-06-14T02:42:59","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=6673"},"modified":"2024-06-14T02:42:59","modified_gmt":"2024-06-14T02:42:59","slug":"m1xchange-plans-to-strengthen-msmes","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/m1xchange-plans-to-strengthen-msmes\/","title":{"rendered":"M1xchange plans to strengthen MSMEs"},"content":{"rendered":"<p>Indias leading TReDS Platform M1xchange plans to strengthen more than 47 lakhs of MSMEs in Maharashtra through Trade Receivable Discounting System (TReDS) primarily focusing on automobile, <a href=\"https:\/\/exam.pscnotes.com\/<a href=\"https:\/\/exam.pscnotes.com\/agriculture\">Agriculture<\/a>-notes-for-state-psc-exams&#8221;>Agriculture<\/a> and textile and chemical sectors.<\/p>\n<p>The platform intends to offer early liquidity within 24 hours through its online bidding platform to <a href=\"https:\/\/exam.pscnotes.com\/micro-small-and-medium-enterprises\">Micro, Small and Medium enterprises<\/a> at a competitive rate in the state and offers a digital customer experience to MSMEs supported by a convenient and end-to-end digital process. This is a highly effective and efficient solution for the credit gap for MSMEs in India<\/p>\n<p>The RBI-approved TReDS platform M1xchange has signed MOU with multiple state governments. The support from the Govt. helps MSMEs operating in these regions to get easy access to <a href=\"https:\/\/exam.pscnotes.com\/working-capital\">WORKING CAPITAL<\/a> through M1xchange TReDS.M1xchange has also signed MOU with the Ministry of MSME for Udyam portal, MSMEs will benefit from a two-way exchange of information between Udyam portal and M1xchange. All Udyam registered MSMEs will be able to onboard on M1xchange with an easy convenient process enabling them to leverage the full force of TReDS and access liquidity at the lowest possible cost in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indias leading TReDS Platform M1xchange plans to strengthen more than 47 lakhs of MSMEs in Maharashtra through Trade Receivable Discounting System (TReDS) primarily focusing on automobile,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[695],"class_list":["post-6673","post","type-post","status-publish","format-standard","hentry","category-madhya-pradesh","tag-07-08-03-23"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M1xchange plans to strengthen MSMEs - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/m1xchange-plans-to-strengthen-msmes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M1xchange plans to strengthen MSMEs\" \/>\n<meta property=\"og:description\" content=\"Indias leading TReDS Platform M1xchange plans to strengthen more than 47 lakhs of MSMEs in Maharashtra through Trade Receivable Discounting System (TReDS) primarily focusing on automobile,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/m1xchange-plans-to-strengthen-msmes\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T02:42:59+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"M1xchange plans to strengthen MSMEs - 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