New Delhi, April 9 -- The Reserve Bank of India (RBI) has released draft directions for the Trade Receivables Discounting System (TReDS) on Wednesday, aiming to streamline and harmonise existing regulations to improve access to finance for Micro, Small and Medium Enterprises (MSMEs).

The draft, titled Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026, follows a comprehensive review of earlier guidelines.

Stakeholders and the public have been invited to submit comments by May 1, 2026.

Key Reforms Proposed

The draft directions propose several measures to enhance efficiency and participation on TReDS platforms, including streamlined capital norms for authorised entities aligned with other non-bank payment syst...