RBI governor Shaktikanta Das
Shaktikanta Das proposed to increase the NACH mandate limit from Rs 1 crore at present to Rs 3 crore for TReDS related settlements.
- Last Updated:February 10, 2022, 11:31 IST
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RBI MPC Meet: Reserve Bank of India governor Shaktikanta Das on Thursday, February 10, proposed to hike the NACH mandate limit. Das proposed to increase the NACH mandate limit from Rs 1 crore at present to Rs 3 crore for TReDS related settlements.
“The Trade Receivables Discounting System (TReDS) facilitates the financing of trade receivables of Micro, Small and Medium Enterprises (MSMEs). Transactions in TReDS are settled through the National Automated Clearing House (NACH) system,” said the governor during his statement on Thursday.
“Keeping in view the requests received from stakeholders and to further enhance the ease of financing the growing liquidity requirements of MSMEs, it is proposed to increase the NACH mandate limit from Rs 1 crore at present to R 3 crore for TReDS related settlements,” he added.
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