The Ministry of Micro, Small and Medium Enterprises (“MSME Ministry”) has reduced the turnover threshold from ₹500 crore to ₹250 crore for the applicability of the Trade Receivables Discounting System (“TReDS”) platform. Accordingly, all the companies with a turnover exceeding ₹250 crore are required to complete the onboarding process on TReDS platforms by 31st March 2025.
A copy of the notification is attached herewith for your ease of reference.
Source: The Ministry of Micro, Small and Medium Enterprises
