New Delhi, Feb. 10 -- Minister of State for Micro, Small and Medium Enterprises, Shobha Karandlaje has said that no transaction on the Trade Receivables e-Discounting System (TReDS) platforms has been recorded with an interest rate of 18 percent or above.

Replying to a question in Rajya Sabha, the Minister stated that interest rates on TReDS are influenced by multiple factors, including the buyer's credit rating, category, invoice size and tenure, past payment behaviour, liquidity conditions, cost of funds for financiers, and the level of competition in bidding.

She said that interest rates are finalised through a competitive bidding process among financiers and are primarily determined by the credit strength and risk profile of the buy...