There are many benefits to MSMSs with TReDS. The platform essentially brings together 3 stakeholders – Buyers (Large / Mid corporate’s, PSU / Govt entities, MNCs, etc), Sellers (MSME Vendors or suppliers of these Buyers), and Financiers (Banks, NBFC Factors).
TReDS (Trade Receivable Discounting System) a strong initiative by RBI & MSMED Ministry for a digitized platform for invoice discounting. There would be multiple banks on the platform, bidding basis the strength of participating buyers, thus enabling a transparent bidding process with access to best interest rates enabling smooth transactional flow & timely payment to MSME vendors. The platform essentially brings together 3 stakeholders – Buyers (Large / Mid corporate’s, PSU / Govt entities, MNCs, etc), Sellers (MSME Vendors or suppliers of these Buyers), and Financiers (Banks, NBFC Factors).
AXIS Bank formed the joint Venture with mJunction and started A. TReDS Ltd with the Platform Name “Invoicemart”
There are many benefits to MSMSs with TReDS. We are associated with INVOICEMART who has waived off the one-time registration fee with immediate effect. This window of the fee waiver is available for a limited period (Until Aug 2020). We request all the MSMEs to register under TReDS and take advantage of the same.
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