Question

    What is the scope for mandatory onboarding in TReDS for

    buyers as per the Union Budget 2024-25?
    A Buyers with a turnover of Rs. 500 crores Correct Answer Incorrect Answer
    B Buyers with a turnover of Rs. 250 crores Correct Answer Incorrect Answer
    C Buyers with a turnover of Rs. 100 crores Correct Answer Incorrect Answer
    D Buyers with a turnover of Rs. 750 crores Correct Answer Incorrect Answer
    E Buyers with a turnover of Rs. 1,000 crores Correct Answer Incorrect Answer

    Solution

    The TReDS (Trade Receivables Discounting System) platform's mandatory onboarding threshold for buyers has been reduced from Rs. 500 crores to Rs. 250 crores in the Union Budget 2024-25.

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