Otoritas : Jurnal Ilmu Pemerintahan
Vol 13, No 3 (2023): (December 2023)

Trade finance evolution: a comparative study of regulatory reforms in factoring policies for SMEs in India and China

Kashyap, Amit Kumar (Unknown)
Lunagariya, Simran (Unknown)



Article Info

Publish Date
30 Dec 2023

Abstract

This paper evaluates the effectiveness of the Factoring Regulation (Amendment) Bill 2021 in stabilizing the economic situation of micro, small, and medium-sized enterprises (MSMEs) in India using doctrinal research methods and comparative study. It compared the factoring regulations of India and China. The authors analyse the ramifications of the recent amendments to the Factoring law via a comprehensive literature review, legal frameworks, and comparative analysis of India and China. This study seeks to cast light on the potential of the Factoring Law in addressing the financial challenges encountered by SMEs in India. The findings provide policymakers, stakeholders, and researchers with vital insights into the regulatory framework's effectiveness and potential improvement areas. The research concluded that factoring is an important worldwide trade financing tool for economic development and financial inclusion since it promotes entrepreneurship, private enterprise, and supply chain finance. In order to raise its standing, India may consider adopting features from the Chinese Civil Code, setting regulations for factoring rights transfer, and prioritising creditor interests.

Copyrights © 2023






Journal Info

Abbrev

otoritas

Publisher

Subject

Social Sciences

Description

Otoritas : Jurnal Ilmu Pemerintahan, with registered number ISSN 2088-3706 (Print), ISSN 2502-9320 (Online) is a Peer-reviewed journal published twice a year in April and October by Department of Governmental Science, Faculty of Social and Political Sciences, Muhammadiyah University of Makassar in ...