Presenting her seventh straight Union Budget, she also said that public
sector banks to build in-house capability for credit assessment of MSMEs. As part of a slew of measures to boost the
sector, the government will reduce the turnover threshold of MSME buyers for
mandatory onboarding on TReDs platform from Rs 500 crore to Rs 250 crore.
TReDS is an online platform to help MSMEs (Micro, Small and Medium
Enterprises). Among other steps, SIDBI
will open 24 new branches to serve MSMEs clusters.