Free TReDS Budget 2024: Lowered Turnover Threshold Empowers MSMEs Gurgaon (Gurugram)
- Location: Gurgaon (Gurugram), Gurgaon (Gurugram) , Haryana
The TReDS Budget 2024 introduces essential reforms for MSMEs, including lowering the turnover threshold for mandatory onboarding on the TReDS platform from ₹500 crore to ₹250 crore. This change opens the Trade Receivables Discounting System (TReDS) to an estimated 7,000 additional companies and 22 PSUs, allowing them to benefit from TReDS bill discounting. The revised threshold enhances MSME liquidity, optimizes cash flow management, and promotes a more inclusive financial environment, aligning with the government’s commitment to support MSME growth and operational flexibility.
To know more, visit: https://www.m1xchange.com/thought-xchange/turnover-threshold-reduced-for-treds/
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