TReDS invoice discounting and the CPSE payment mandate TReDS
Online platforms licensed by RBI where MSMEs can sell invoices raised on larger buyers to banks for quick cash, which central public sector companies must now use to pay MSME suppliers.
Last updated on
- Status
- Open
- Run by
- Reserve Bank of India (platform rules), Ministry of MSME (mandates)
What you get
- MSMEs get paid early by having approved invoices discounted by multiple financiers, without recourse to the MSME
- From 15 October 2026, every central public sector enterprise must settle invoices for goods and services bought from MSMEs through an RBI-authorised TReDS platform (section 15A of the MSMED Act)
- Companies and CPSEs with turnover above ₹250 crore must onboard on TReDS (notification of 7 November 2024)
- Budget 2026-27 announced a CGTMSE-backed guarantee for invoice discounting on TReDS, a GeM to TReDS link and TReDS receivables as asset-backed securities
Who can apply
- Businesses that are already running.
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Udyam registration is needed. It is free.
- The buyer must also be on the platform and accept the invoice
How to apply
- Register as a seller on any RBI-authorised TReDS platform
- Upload invoices raised on buyers registered on the same platform
- Once the buyer accepts, financiers bid and the best bid is paid to you
Worth knowing
Five platforms operate. Invoices worth ₹3.47 lakh crore were discounted in 2025-26. The Budget 2026-27 guarantee and GeM link were announced, launch not confirmed.
Where we found this
- Gazette S.O. 5575(E), commencement of section 15A from 15 October 2026 (external site) Official
- PIB, initiatives for MSME finance and timely payments, ₹250 crore TReDS onboarding limit (external site) Official announcement
- Budget Speech 2026-27, paragraph 30 (external site) Official
- PIB, MSMED (Amendment) Bill 2026 passed, TReDS figures (external site) Official announcement
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.