Faster Payments, Stronger MSME: Government Mandates TReDS for Settlement of All MSME Invoices by Central Public Sector Enterprises

India, July 10 -- The Government of India has issued a release:

Mandatory settlement through TReDS: All operating Central Public Sector Enterprises (CPSEs) must route the settlement of invoices for goods and services procured from MSMEs through TReDS platforms authorised by the Reserve Bank of India (RBI).

Transparency and accountability: Central Public Sector Enterprises (CPSEs) shall disclose details of MSME invoices routed and settled through TReDS as specified by the RBI and obtain a statutory auditor's certificate of TReDS registration and compliance during their annual audit.

A benchmark for corporate India: The mandate positions Central Public Sector Enterprises (CPSEs) as role models for timely payment discipline for large corpor...