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The TReDS Budget 2024 introduces key reforms for MSMEs, including a reduced turnover threshold for mandatory onboarding on the TReDS platform from ₹500 crore to ₹250 crore. This change expands participation in the Trade Receivables Discounting System (TReDS), allowing an estimated 7,000 additional companies and 22 PSUs to benefit from TReDS bill discounting....

The Indian Union Budget 2024 has brought significant changes for Micro, Small, and Medium enterprises (MSMEs), focussing on increasing their financial accessibility and operational flexibility. One of the key reforms is the reduction in the turnover threshold for mandatory onboarding on the Trade Receivables Discounting System (TReDS) platform. This change l...