India Factoring Attends Webinar to Discuss Solutions for MSMEs

05/05/2020

India Factoring was represented in a webinar by Mr. Puneet Singh Bhutani (EVP & Regional Head-North) as one of the panellists. During the webinar, Mr. Puneet shared his insights regarding operational difficulties being faced by MSMEs in India, mainly due to lack of awareness about the factoring product and other related issues. He explained to participants about the technologies being used by India Factoring in India, to help exporters in having access to funds faster, than through traditional bank finance against receivables. Mr. Puneet also explained the difference between recourse and non-recourse facilities available in the market and gave answers to several questions raised by exporters during the discussion. Mr. Puneet also talked about the two-factor model which works under Factors Chain International (FCI) and the insurance model which offers a seamless factoring solution to various MSMEs. This model aims to accelerate cash flow by minimising the risk involved in the trade.

India Factoring (IFFS) is registered with RBI as an NBFC-Factor under Authorised Dealer category (AD-3) and is a member of Factors Chain International (FCI) - an umbrella organisation with a network spanning 400 members in 90 countries. India Factoring holds five offices in India and works with Indian manufacturers and exporters across numerous industries including textile, leather, chemical, sports, agricultural and the auto sector to provide immediate cash flow to MSMEs. In addition to non-recourse export factoring, India Factoring offers domestic factoring facilities for MSMEs operating in the domestic market. India Factoring continues to provide reliable and effective working capital solutions to provide immediate liquidity to MSMEs.