KredX has entered into a strategic Memorandum of Understanding (MoU) with the Directorate of MSME, Government of Haryana, to accelerate access to working capital for nearly 19 lakh MSMEs across the state.
The collaboration leverages KredX’s RBI-licensed TReDS platform and its IFSCA-licensed global invoice discounting platform to bridge liquidity gaps and strengthen supply chain resilience for Haryana’s industrial ecosystem, which contributes nearly 22 per cent to the state’s Gross State Domestic Product (GSDP).
Under the MoU, KredX will act as the designated knowledge partner, equipping the state administration and MSMEs with digital tools and expertise to promote financial inclusion and wider adoption of digital trade finance solutions. Enterprises will gain access to both domestic and cross-border invoice discounting platforms, enabling collateral-free working capital through the RBI-approved Trade Receivables Discounting System (TReDS) and global trade exchange frameworks.
The partnership also includes capacity-building workshops, statewide training initiatives, and technical handholding under the RAMP program to ensure regulatory-compliant implementation and deeper digital integration across MSMEs.
Haryana’s industrial clusters, from Panipat’s textile hub and Gurugram’s auto-component ecosystem to Ambala’s electronics cluster, are expected to benefit significantly from digital invoice discounting solutions that address delayed payment cycles and working capital constraints.
Manish Kumar, Founder and CEO, KredX, said the partnership aims to democratise supply chain finance and ensure that MSMEs do not face growth barriers due to liquidity challenges. He highlighted that the timing aligns with Union Budget 2026’s emphasis on TReDS as a key driver of industrial liquidity.
KredX’s Domestic Trade Exchange (DTX) platform, approved under the RBI’s TReDS framework, connects businesses with over 50 financiers, enabling competitive bidding on trade receivables and access to low-cost financing. The initiative also aligns with the Government of India’s mandate for companies with turnover above Rs 250 crore to onboard TReDS and integrate with GSTN systems.
Through this collaboration, KredX aims to scale disbursals to Rs 15,000 crore and empower 15,000 MSMEs by the end of the current fiscal year, reinforcing its broader mission to build a transparent, digital-first supply chain finance ecosystem in India.
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