The Kerala Financial Corporation (KFC) on Friday launched the Kerala MSME Bill Discounting Platform, a mechanism for ensuring liquidity to micro, small, and medium enterprises (MSMEs) by discounting their outstanding bills.
KFC said it has partnered with Receivables Exchange of India Ltd (RXIL), a Reserve Bank of India-approved company, to start the platform. RXIL is a venture of the Small Industries Development Bank of India (SIDBI) and the National Stock Exchange of India (NSE).
Finance Minister K. N. Balagopal inaugurated the platform at a function held here. According to KFC, bills accepted by government departments, public sector units and corporations would be discounted under the scheme.
