Government Mandates TReDS for MSME Payments
The Ministry of Micro, Small and Medium Enterprises in India has mandated that all Central Public Sector Enterprises must utilize the Trade Receivables Discounting System (TReDS) for settling invoices with MSMEs, aiming to enhance payment speed and working capital access for millions of suppliers. This measure is part of the Union Budget 2026-27 commitments and is designed to mitigate the issue of delayed payments faced by these enterprises.
Source: Original Link