Notification under MSMED for Mandating TReDS as a transaction settlement system

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-02072026-273996 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3372] NEW DELHI, TUESDAY, JUNE 30, 2026/ASHADHA 9, 1948 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 30th June, 2026 S.O. 3507(E).—In exercise of the powers conferred by section 9 read with section 10 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government hereby issues the following instructions for mandating the use of Trade Receivables Discounting System (TReDS) as a transaction settlement platform by the Central Public Sector Enterprises (CPSEs); (i) all operating CPSEs shall, in respect of procurement of goods or services from the micro, small and medium enterprises, route the settlement of invoices through any TReDS platform authorised by the Reserve Bank of India; Provided that the routing of invoices by CPSEs through the TReDS platform shall not be construed as mandating discounting of such invoices and the micro, small and medium enterprise supplier shall have the option to avail or not avail financing or discounting of its receivables on the platform; (ii) all operating CPSEs or any other authority, body or entity notified by the Central Government shall disclose the details of invoices of micro, small and medium enterprises routed and settled through TReDS, in the form and manner as specified by the Reserve Bank of India; (iii) all operating CPSEs mandated to ensure a certificate from their statutory auditors that they are registered with at least one TReDS platform and are in compliance with guidelines of this notification, during their annual statutory audit. 2. This notification shall come into force on the date of its publication in the Official Gazette. [F. No. 16/8/2018/E-P&G/Policy] Dr. RAJNEESH, Addl. Secy. and Development Commissioner