RBI simplifies TReDS onboarding for MSMEs

What Happened

The Reserve Bank of India has simplified the onboarding process for MSMEs on Trade Receivables Discounting System platforms by eliminating due diligence requirements. RBI Governor Sanjay Malhotra announced the move aims to ease business operations and boost MSME participation. The central bank plans to issue draft directions for public consultation shortly following a comprehensive review of existing instructions.

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