Centre asks 2,800 large corporates to clear dues of MSMEs by October end
Earlier in September, MSME Ministry had written to top 500 firms regarding the same
MSME Ministry had also drawn corporate attention towards legal and fintech provisions on MSME payments
In a bid to help MSMEs gear up better for festival seasons
RBI had started a bill discounting mechanism, Trade Receivables Discounting System to solve cash flow problems
Under TReDS, it is mandatory for corporates with above Rs 500 Cr to join the programme
Over Rs 13,400 Cr has been paid by CPSEs to MSMEs in the last 5 months
