TReDS platform boosts cash flow financing for small businesses. And yet, only about 10,000 out of more than 6 crore unincorporated MSMEs are registered on the platform.
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This will not work.
Who will bear and pay the interest cost if buyer delays payments beyond due date
In case buyer does not pay invoice payment, what will be the status of debt.
If buyer is as public limited company, Why not make it a compulsion aand mandatory for buyers to register themselves on TREDS, in which case sellers will definitely register.
Otherwise this will become just one more new scheme to extract interest from sellers (MSMEs) on their unpaid credit and will prove to be aa right direction in butchering and finishing off the MSMEs.
This will not work.
Who will bear and pay the interest cost if buyer delays payments beyond due date
In case buyer does not pay invoice payment, what will be the status of debt.
If buyer is as public limited company, Why not make it a compulsion aand mandatory for buyers to register themselves on TREDS, in which case sellers will definitely register.
Otherwise this will become just one more new scheme to extract interest from sellers (MSMEs) on their unpaid credit and will prove to be aa right direction in butchering and finishing off the MSMEs.
Waste of taxpayers money on zombie companies