All NBFCs can now provide MSMEs loans against dues via TReDS
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The Cabinet on Wednesday allowed all non-banking financial companies to provide discount loans to MSMEs against dues from government departments, through the TReDS platform.
So far only a selected NBFCs and banks were on the platform and could give the discount loans to MSMEs.
Briefing the media on the cabinet decisions, Union Information and Broadcasting Minister Prakash Javadekar said that the decision has been taken to improve the liquidity flow to the MSMEs.#casansaar (Source - IANS, Economic Times)
So far only a selected NBFCs and banks were on the platform and could give the discount loans to MSMEs.
Briefing the media on the cabinet decisions, Union Information and Broadcasting Minister Prakash Javadekar said that the decision has been taken to improve the liquidity flow to the MSMEs.#casansaar (Source - IANS, Economic Times)
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