New Delhi, July 2 -- Receivables Exchange of India Ltd (RXIL), a leading Trade Receivables Discounting System (TReDS) platform promoted by SIDBI and the National Stock Exchange (NSE), has surpassed Rs 2 lakh crore in cumulative invoice financing for micro, small, and medium enterprises (MSMEs).

This reflects growing traction for formal, digital credit solutions in India's MSME sector.

In FY2024-25 alone, RXIL facilitated invoice financing worth Rs 80,500 crore, with over 44,000 MSMEs registered across 1,600 postal codes nationwide.

Backed by stakeholders including the State Bank of India, ICICI Bank, and Yes Bank, and regulated by the Reserve Bank of India (RBI), the platform has enabled the discounting of over 88.5 lakh invoices since...