The WB-TReDS Platform (West Bengal Trade Receivables Discounting System) is an initiative of the Government of West Bengal under the Micro, Small and Medium Enterprises (MSME) & Textiles Department to facilitate quick realization of payments through the Trade Receivables Discounting System (TReDS). The platform supports Micro, Small and Medium Enterprises, including artisans, weavers, and small producers engaged in the supply of goods and services.
By enabling digital submission of approved invoices and access to invoice discounting, the Trade Receivables Discounting System helps vendors convert invoices into immediate working capital, reducing financial stress and supporting uninterrupted production and sustainable livelihoods.
WB-TReDS empowers MSMEs, artisans, weavers, and micro-enterprises by enabling quick realization of approved invoices, improving liquidity and financial independence.
The platform promotes financial inclusion through transparent, digital invoice discounting, bringing small producers into the formal financial ecosystem.
Timely payments help artisans and craft-based MSMEs sustain traditional skills and cultural industries while integrating them into modern supply chains.
An MSME (seller) raises an invoice against a large corporate buyer and uploads it to the TReDS platform.
The corporate buyer approves the invoice on the platform.
Multiple financiers (banks/NBFCs) bid to discount the invoice, offering rates based on the buyer's creditworthiness.
The MSME can choose the best bid and receive early payment, minus the discount.
The financier collects the full invoice amount from the buyer on the due date.
Faster access to working capital, better cash flow, collateral-free financing, and competitive rates through auctions.
Improved supplier relationships, streamlined vendor payments, and potential for better procurement terms.
Access to a large pool of verified trade receivables for lending.
Paperless, secure, and integrated with ERP systems for seamless data exchange.
