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Firms rush to register on India's TReDS platform by March 31 to ensure timely payments to small businesses.
Firms with an annual turnover of Rs 250 crore are hurriedly registering on the Trade Receivables Discounting System (TReDS) platform to meet the March 31 deadline set by the Ministry of MSME.
This system was introduced in 2015 to ensure timely payments to MSMEs by allowing them to sell their trade receivables at a discount to financial institutions.
Over 400 new companies have joined in the last six months.
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Las empresas se apresuran a registrarse en la plataforma TReDS de la India antes del 31 de marzo para garantizar pagos puntuales a las pequeñas empresas.