New Delhi, July 13 -- The government is planning to integrate the Government e-Marketplace (GeM) with the Trade Receivables Discounting System (TReDS) to enable micro, small and medium enterprises (MSMEs) to seamlessly move from public procurement to invoice financing.

GeM-TReDS Integration To Improve Invoice Financing

The proposed integration follows the Centre's recent decision to mandate the settlement of invoices arising from government procurement from MSMEs through the TReDS platform.

Under the plan, MSMEs will be able to bid for government tenders on GeM, generate invoices and access invoice financing through TReDS without switching between platforms, helping improve cash flow and reduce payment delays.

Move Aims To Strengthen ...