In a landmark decision, the MSMEs have issued a notification mandating specific categories of businesses to register on the TReDS platform. With the government lowering the turnover threshold to Rs 250 crore, ensuring more businesses fall under the ambit of the regulation. This move is part of the government's ongoing commitment to ensuring timely payments and financial stability for MSMEs. TReDS is an electronic platform facilitating the financing and discounting of trade receivables for MSMEs.