Receivables Exchange of India Limited (RXIL) is a joint venture promoted by SIDBI – the apex financial institution for the promotion and financing of MSMEs in India, and the NSE – the premier stock exchange in India. Established on December 3, 2016, RXIL facilitates financial growth in the country by providing MSMEs the access to credit. It has endeavored to revamp the cash flow issue of the MSME sector by streamlining their credit cycle by helping them receive their payments with zero delays. RXIL empowers small businesses to their growth potential by accelerating liquidation of their receivables. It offers an innovative platform for buyers, sellers and financiers to collaborate seamlessly.