New Delhi, Feb. 1 -- The Federation of Indian Micro and Small & Medium Enterprises (FISME) has welcomed the Union Budget 2026-27, specifically applauding the landmark decision to mandate the Trade Receivables Discounting System (TReDS) as the transaction settlement platform for all MSME purchases by Central Public Sector Enterprises (CPSEs).

This move, which serves as a national benchmark for corporate payment discipline, directly addresses the perennial issue of delayed payments that often leads to acute cash flow crises for small suppliers. To further bolster this liquidity window, the budget introduces a credit guarantee support mechanism through CGTMSE for invoice discounting on TReDS and integrates the Government e-Marketplace (GeM)...