Treds platform gets a budget boost

Giving a major boost to the Indian supply chain financing ecosystem for small businesses, the union government has proposed making the use of the RBI-run Treds (Trade Receivable Discounting System) platform mandatory for all purchases by central public sector enterprises from small and medium enterprises.

Industry insiders said this has the potential of unlocking $60 billion worth of transactions flowing through the platform. The current volumes on Treds hover around $4 billion, they said.