Rajya Sabha clears Bill: Factoring law to draw 9,000 NBFCs, boost MSME cash flow, says FM Nirmala Sitharaman


The amendments to the factoring law, which were approved by the Rajya Sabha on Thursday, would enable as many as 9,000 non-banking financial companies (NBFCs) to participate in the factoring market, instead of just 7 now, boosting cash flow to small businesses, finance minister Nirmala Sitharaman said.

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