Budget 2026 takes a tough stance by mandating TReDS for all MSME procurement by central public sector enterprises. That alone is important. However the actual innovation lies in permitting receivables to be handled as asset-backed securities, writes Rahul Nainwal, Head, UPES Faculty of Enterprise, and CEO of UPES Runway Incubator,
For practically a decade, India’s strategy to startups and MSMEs has felt like emergency-room providers. Pressing. Obligatory. And virtually solely about protecting the affected person alive.
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