The Reserve Bank of India's Trade Receivables Discounting System (TReDS) is benefiting both large businesses and MSMEs, according to experts at a seminar hosted by the Confederation of Indian Industry (CII). The seminar, focused on enhancing MSME competitiveness through addressing financial gaps, emphasized the importance of banks developing custom products to assess financing requirements based on expected cash flows. TReDS allows for immediate payment to MSMEs when their invoices are purchased by banks and financial institutions on the online TReDS platform, providing critical working capital financing for MSME. SBI has financed over 15,000 MSME units in the Visakhapatnam area. The market share of the SME portfolio of the Visakhapatnam module has seen substantial growth in FY 2023. SBI is operating 15 dedicated SME Credit Intensive branches manned by 32 Relationship Managers (SME) to provide specialized service to MSMEs.