TReDS & Its advances to MSMEs

         TReDS & Its advances to MSMEs

  Dt: 26.04.2022

In 2017, 3 enterprise were given permission to become intermediatory to facilitate bills of MSMEs to be discounted.

Now the turnover of these platforms have realized about 34000 Crore. But it has potentials to reach 1 lac to 1.5 lac crores.

Government has asked all companies having turnover more than 500 Crore has to register but they have not done so. Government should force them to do so.

This facility is generally used by 50 to 250 Crore turnover MSMEs but below this, it is not popular as there is very less awareness. And this segment has got highest possibility to generate jobs.

I request all my MSME entrepreneurs to use this facility and improve their working capital cycle.

Nilesh Desai 

Director,

SMEA Analytics Pvt Ltd

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