The government has notified the mandatory use of the Trade Receivables Discounting System (TReDS) by all operating Central Public Sector Enterprises for the settlement of transactions with their MSME suppliers, in a decisive step to end the long wait for payments faced by the enterprises. The Ministry of Micro, Small and Medium Enterprises (MSME) issued the notification dated 30 June 2026, giving effect to a key announcement of the Union Budget 2026-27.