RBI simplifies TReDS onboarding for MSMEs

RBI simplifies TReDS onboarding for MSMEs

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“A comprehensive review of other extant instructions has also been undertaken, and draft directions will be issued shortly for public consultation,” RBI Governor Sanjay Malhotra mentioned. 
| Photo Credit: ANI

In simplifying the onboarding of MSMEs in Trade Receivables Discounting System (TReDS) and to advertise ease of doing enterprise for this section and to encourage their larger participation on TReDS, the Reserve Bank of India (RBI) has proposed to dispense with the requirement of due diligence of MSMEs whereas onboarding on TReDS platforms.

“A comprehensive review of other extant instructions has also been undertaken, and draft directions will be issued shortly for public consultation,” RBI Governor Sanjay Malhotra mentioned. 

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