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flag Firms rush to register on India's TReDS platform by March 31 to ensure timely payments to small businesses.

flag 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. flag 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. flag Over 400 new companies have joined in the last six months.

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