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Receivables Exchange of India (RXIL), which was making news recently, is associated with which sector?
A)
MSMEs
B)
Agriculture
C)
Gold Import
D)
Foreign Exchange

Correct Answer :   MSMEs


Receivables Exchange of India (RXIL) is the invoice discounting platform for MSMEs. It is a TReDS (Trade Receivables Discounting System) Exchange Platform accredited by the RBI.
RXIL recently announced that it has discounted receivables of Rs 1,000 crores in a month. The platform has over 7000 registered MSMEs and have processed over 5,00,000 invoices, since its launch in 2017.

Published On : April 8, 2021
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