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TReDS

TReDS invoice discounting

Trade Receivables Discounting System: MSMEs upload invoices raised on corporates, PSUs and government buyers, and financiers bid to pay early. Discounting is without recourse to the MSME and needs no collateral.

RBI-licensed platforms (e.g. RXIL, M1xchange, Invoicemart)

BenefitInvoice value
StatusOpen

Benefits

  • Cash within days instead of 60–120 days
  • Rate is based on the buyer's credit, not yours
  • No collateral; not a loan on your books

Eligibility

  • MSME seller with Udyam registration and invoices on buyers registered on TReDS
  • Companies above the notified turnover threshold must onboard as buyers

Documents

  • Udyam registration, PAN, GST
  • Bank account and KYC of authorised signatories

How to apply

  1. Register on any TReDS platform (one-time onboarding)
  2. Upload invoices; your buyer accepts them on the platform
  3. Accept the best financier bid and receive funds

FAQ

What if my buyer doesn't pay on the due date?

TReDS discounting is without recourse to the MSME seller — the financier collects from the buyer.

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Sources

Last checked: 20 Oct 2026. Summary for information only. The implementing agency's guidelines and your lender's credit policy decide eligibility and terms.