Under this scheme, the MSMEs who have receivables from Corporate buyers, Government departments, Public sector undertakings and other buyers are eligible to obtain finance in lieu of the amount receivable from such buyers. In simple words, this scheme facilitates financing to MSMEs on the basis of their debtors.
Retailers and Wholesalers have been facing the problem of not being able to register under the MSME Scheme as the same has not been permitted since the time MSME Registration was implemented.