RBI to simplify onboarding process for MSMEs on TReDS
The Reserve Bank of India has proposed simplifying onboarding for MSMEs on the Trade Receivables Discounting System by removing due diligence requirements. The move aims to improve ease of doing business and faster access to working capital. TReDS enables digital financing of trade receivables, helping MSMEs secure timely payments through multiple financiers and streamlined invoice discounting.
