+
Gujarat Ties Up with M1xchange to Boost MSME Liquidity
ECONOMY & POLICY

Gujarat Ties Up with M1xchange to Boost MSME Liquidity

M1xchange, a leading invoice discounting platform, has entered into a strategic partnership with the Gujarat government to offer collateral-free working capital access to micro, small, and medium enterprises (MSMEs) operating in the state.

The collaboration aims to benefit small businesses that supply goods and services to state government departments, public sector undertakings (PSUs), and private firms.

As part of the memorandum of understanding (MoU), M1xchange and the state government will jointly provide early payment solutions for MSMEs at competitive interest rates, tackling the persistent challenge of delayed payments that often hampers their growth.

Amit Sachdev, Co-founder and COO of M1xchange, said the initiative is a step toward bridging the credit gap in the MSME sector. "Our joint efforts aim to ensure that MSMEs receive timely payments, thereby improving their cash flow and fostering growth," he stated.

M1xchange is one of the Trade Receivables Discounting System (TReDS) platforms recognized by the Reserve Bank of India (RBI). It facilitates the financing of MSMEs’ trade receivables from corporate buyers through a network of over 66 banks and NBFCs.

To date, the platform has enabled invoice discounting transactions worth over Rs 1.75 lakh crore (approximately Rs 1.75 trillion, recording a 100% year-on-year growth. M1xchange currently serves more than 50,000 MSMEs and 2,800 corporate clients.

This partnership adds to M1xchange’s growing list of government collaborations, which already includes Maharashtra, Haryana, Goa, Madhya Pradesh, and Tamil Nadu—strengthening efforts to enhance liquidity for MSMEs across India.

M1xchange, a leading invoice discounting platform, has entered into a strategic partnership with the Gujarat government to offer collateral-free working capital access to micro, small, and medium enterprises (MSMEs) operating in the state. The collaboration aims to benefit small businesses that supply goods and services to state government departments, public sector undertakings (PSUs), and private firms. As part of the memorandum of understanding (MoU), M1xchange and the state government will jointly provide early payment solutions for MSMEs at competitive interest rates, tackling the persistent challenge of delayed payments that often hampers their growth. Amit Sachdev, Co-founder and COO of M1xchange, said the initiative is a step toward bridging the credit gap in the MSME sector. Our joint efforts aim to ensure that MSMEs receive timely payments, thereby improving their cash flow and fostering growth, he stated. M1xchange is one of the Trade Receivables Discounting System (TReDS) platforms recognized by the Reserve Bank of India (RBI). It facilitates the financing of MSMEs’ trade receivables from corporate buyers through a network of over 66 banks and NBFCs. To date, the platform has enabled invoice discounting transactions worth over Rs 1.75 lakh crore (approximately Rs 1.75 trillion, recording a 100% year-on-year growth. M1xchange currently serves more than 50,000 MSMEs and 2,800 corporate clients. This partnership adds to M1xchange’s growing list of government collaborations, which already includes Maharashtra, Haryana, Goa, Madhya Pradesh, and Tamil Nadu—strengthening efforts to enhance liquidity for MSMEs across India.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?