India MSME Updates
The Indian government has introduced the *Bill One* service for single-window payment of municipal dues in Telangana. This service reduces the burden on the municipality to generate multiple demand notices for various services, including water charges and trade licenses. Key features of the service include:
- Single window payment for all municipal dues
- Reduced burden on municipalities
- Improved ease of payment for citizens.
Furthermore, the government has mandated the use of TReDS for CPSE-MSME payments to tackle delayed dues, aiming to support MSMEs which are the backbone of the Indian economy with over 8.70 crore registered enterprises.
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