How TReDS is revolutionising payments for MSMEs in India
small businesses in India get paid faster, according to the Reserve Bank of India (RBI). The system, called TReDS, allows small businesses to sell unpaid invoices to banks and other financial institutions.
“TReDS has effectively bridged the credit gap by enabling MSMEs to promptly convert their trade receivables into liquid funds. This ensures that small businesses do not have to wait endlessly for payments,” said RBI Deputy Governor Michael Patra.
Small businesses often struggle to get paid on time by their larger customers. This delay can make it hard for them to pay their own bills and grow their businesses.
TReDS helps solve this problem by giving small businesses quick access to cash. This allows them to continue operating and investing in their growth.
The system has been a success, with the value of invoices financed through TReDS increasing significantly. The RBI also reports that around 5,000 financial technology companies are now using TReDS to help businesses manage their finances.
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By — Metla Sudha Sekhar, IT Specialist and Developer
Data Science
MySQL for Beginners: Learn Data Science and Analytics Skills
By — Metla Sudha Sekhar, IT Specialist and Developer
Office Productivity
Excel Essentials to Expert: Your Complete Guide
Finance
Crypto & NFT Mastery: From Basics to Advanced
By — CA Raj K Agrawal, Chartered Accountant
Marketing
Marketing & Sales Strategies for Startups: From Concept to Conversion
By — Dr. Anu
