RBI to ease MSMEs' onboarding on TReDS by removing checks

TReDS has been around since 2014, but hasn't really caught on because many MSMEs aren't fully digital yet.
To fix this, RBI is reworking the rules and will soon ask for public feedback on its proposed changes.
Plus, in FY27, big government companies might have to use TReDS for their payments, setting a new standard for business transactions in India.