“A comprehensive review of other extant instructions has also been undertaken, and draft directions will be issued shortly for public consultation,” RBI Governor Sanjay Malhotra said. 

“A comprehensive review of other extant instructions has also been undertaken, and draft directions will be issued shortly for public consultation,” RBI Governor Sanjay Malhotra said. 
| Photo Credit: ANI

In simplifying the onboarding of MSMEs in Trade Receivables Discounting System (TReDS) and to promote ease of doing business for this segment and to encourage their greater participation on TReDS, the Reserve Bank of India (RBI) has proposed to dispense with the requirement of due diligence of MSMEs while onboarding on TReDS platforms.

“A comprehensive review of other extant instructions has also been undertaken, and draft directions will be issued shortly for public consultation,” RBI Governor Sanjay Malhotra said. 


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