Quote on Budget Reaction by Prakash Sankaran - MD&CEO of Invoicemart
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Below the Quote on Budget Reaction by Prakash Sankaran - MD&CEO of Invoicemart
"TReDS has made a significant impact in FY24 by facilitating MSME invoice financing exceeding Rs. 1 lakh crore. The Finance Minister's mention in today's budget speech of the government's proposal to reduce the turnover threshold of buyers for mandatory onboarding on TReDS from Rs 500 crore to Rs 250 crore is a welcome move.
This change will now bring a large number of medium-sized corporates under the ambit of TReDS. Additionally, this presents an opportunity for NBFCs, which are very active in this space, to play a significant role as financiers on TReDS."
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