ENA MSME 2024-11-08 16:10:03 <p><span style="font-size:14px"><strong>New Delhi, Nov 8 (KNN)</strong> The Government of India has issued a significant directive mandating large corporations and public sector enterprises to integrate with the Trade Receivables Discounting System (TReDS) platforms. </span></p> <p><span style="font-size:14px">The announcement, made under Section 9 of the Micro, Small and Medium Enterprises Development Act, 2006, sets a clear deadline for compliance by March 31st, 2025.</span></p> <p><span style="font-size:14px">Under the new requirements, two categories of entities must join the TReDS platforms authorised by the Reserve Bank of India. </span></p> <p><span style="font-size:14px">These include companies registered under the Companies Act, 2013, with an annual turnover exceeding Rs. 250 crore, as well as all Central Public Sector Enterprises (CPSEs).</span></p> <p><span style="font-size:14px">This regulatory move supersedes previous notifications from the Ministry of Micro, Small and Medium Enterprises, marking a significant step toward streamlining financial transactions and improving liquidity access for smaller enterprises in the supply chain. </span></p> <p><span style="font-size:14px">The TReDS platform facilitates the financing of trade receivables of MSMEs from corporate buyers through multiple financiers.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39850 https://knnindia.co.in/news/newsdetails/msme/govt-mandates-cpses-cos-with-over-250-cr-turnover-to-join-treds-platforms-by-march-2025 2024-11-08 16:10:03 knnindia.co.in