SIDBI has been a lead vehicle to implement several Government of India (GoI) initiatives (schematic/non-schematic) towards quick-response to COVID-19 fallout. Aiming at offering relief to the MSMEs during this challenging time, SIDBI has since created a fund viz., “Swavalamban Crisis Responsive Fund (SCRF)” under SRF to support the Trade Receivables Discounting System (TReDS) Companies viz. Receivables Exchange of India Ltd (RXIL), M1xchange and Invoicemart towards onboarding the MSMEs and waiving-off their joining/registration fees on the TReDS platform.