Panchkula, Feb 24: KredX, announced the signing of a significant Memorandum of Understanding (MoU) with the Directorate of Micro, Small & Medium Enterprises (MSME), Government of Haryana. This strategic collaboration marks a pivotal step towards accelerating access to finance and supply chain resilience for small businesses across the state.
The Memorandum of Understanding between the Directorate of MSME-Government of Haryana and KredX establishes a formal collaboration framework to enhance financial inclusion and promote digital finance adoption among Haryana’s MSMEs. As the designated knowledge partner, KredX will equip the Haryana Administration and local enterprises with best-in-class technology to support the State’s goal of becoming a global export hub. Through this alliance, KredX will assist enterprises in utilising its domestic (Domestic Trade Exchange—RBI-Licensed) and cross-border (Global Trade Exchange—IFSCA-Licensed) supply chain finance platforms, facilitating access to collateral-free working capital. The collaboration also includes comprehensive training, statewide capacity-building workshops, and direct technical handholding, all while working under the RAMP program to implement impactful, regulatory-compliant initiatives for the state’s MSME sector.
This partnership arrives at a critical juncture, as Haryana’s unique industrial architecture makes it the ideal geography for such supply chain innovation. With clusters including the textile hub of Panipat, the auto-component ecosystem in Gurugram, and the electronics cluster in Ambala; the state presents a massive opportunity for digital invoice discounting. This collaboration is set to transform the financial landscape for Haryana’s 1,984,533 MSMEs, which are the bedrock of the state’s economy.
“Haryana’s industrial velocity is unparalleled, and our MoU with the Directorate of MSME is a major step toward ensuring that enterprises—from Faridabad’s auto-hubs to Kaithal’s rice mills—never face growth hurdles due to delayed payments. This partnership will help us to turn policy intent into ground-level impact by democratising supply chain finance through a massive upskilling exercise. We couldn’t have timed this partnership better, especially with the Union Budget 2026 positioning TReDS as the cornerstone of industrial liquidity. Through this MoU we aim to provide our technology-driven ‘Access to Finance’ framework that offers the exact fiscal muscle needed for Haryana’s MSMEs to thrive. By integrating these businesses into global value chains, we are ensuring their supply chains remain resilient, liquid, and globally competitive,” said Manish Kumar, Founder and CEO, KredX.
KredX is dedicated to building a digital, transparent supply chain finance ecosystem that enables businesses to easily access working capital and manage their cash flow seamlessly. This mission is supported by active collaborations with government bodies, including a notable Memorandum of Understanding (MoU) with the Ministry of Micro, Small, and Medium Enterprises (MoMSME) for its DTX platform. KredX will continue to collaborate with various government bodies to democratise finance for all businesses.
KredX’s DTX platform, approved under the RBI’s TReDS framework, offers a digital-first solution for end-to-end trade finance. Connected to 50+ financiers and designed to enable bidding on trade receivables, DTX provides businesses with access to the lowest cost of finance, an intuitive user experience, and seamless execution. DTX also enables suppliers to access working capital instantly, while allowing buyers to optimise cash flows and build more resilient supply chains. By integrating intelligent automation, real-time processing, and intuitive workflows, DTX ensures a frictionless experience for buyers, sellers, and financiers alike. The initiative aligns with the Government of India’s mandate for companies with a turnover exceeding ₹250 crore to onboard TReDS and integrate with the GSTN, promoting digital financing and regulatory compliance. This also supports KredX’s goal of achieving ₹15,000 crore in disbursals and empowering 15000 MSMEs by the end of this fiscal year.