Question 58 · Economy

Which of the following statements about M1xchange's role in Micro, Small & Medium Enterprises (MSMEs) financing is/are correct?

1. 1.M1xchange provides collateral based loans to MSMEs.
2. 2.M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs.
3. 3.M1xchange functions as a credit rating agency for MSMEs.

Answer Keys