India’s MSMEs Are Finally Getting Paid Faster — TReDS Just Crossed ₹2 Lakh Crore

For years, the single biggest complaint from MSME owners across India has been the same: “We delivered the goods. We just can’t get paid on time.”

That might finally be changing.

The TReDS platform run by RXIL — a joint venture of SIDBI and NSE — has crossed ₹2 lakh crore in cumulative invoice financing for MSMEs. In FY2024-25 alone, the platform financed invoices worth ₹80,500 crore, supporting over 44,000 registered MSMEs across 1,600 postal codes. Over 88.5 lakh invoices have been discounted since the platform launched.

What TReDS Actually Does

Here is the simple version: you supply goods to a large company. They owe you ₹10 lakh on a 90-day payment term. Instead of waiting 90 days, you upload your invoice to the TReDS platform. A financier — a bank or NBFC — buys that invoice and pays you within 1-2 days at a small discount (typically 5-8% annually). The large buyer later settles with the financier.

You get your money fast. The financier earns a return. The large buyer pays on their normal schedule. Everyone wins — except the old system of using small suppliers as free credit.

Why This Number Matters

₹2 lakh crore is not a small number. It represents real working capital that reached real MSMEs who would otherwise have waited months or borrowed from expensive informal sources.

But here is the honest context: India’s total MSME credit gap is estimated at ₹30 lakh crore. So ₹2 lakh crore, while significant, is still less than 7% of the problem. The platform is growing fast — RXIL has set an internal target of ₹1.25 lakh crore in FY26 alone, and across all TReDS platforms, the market is expected to cross ₹3.5 lakh crore this fiscal year.

What MSME Owners Should Do

The government has made TReDS mandatory for companies with ₹500 crore+ turnover. If you supply to large corporations, PSUs, or government bodies, your buyer is almost certainly on TReDS already.

Register on any of the three TReDS platforms: RXIL (rxil.in), M1xchange, or Invoicemart. It is free for MSMEs to join. Once registered, you can start discounting invoices within days.

The days of waiting 90 days for your own money are ending. But only if you use the tools that are now available.