Grading System for MSME Sector

Press Release ID: 116241
Date: Mon, 02 Mar 2015
Ministry: Ministry of Micro,Small & Medium Enterprises

The Ministry of Micro, Small and Medium Enterprises is implementing a Plan Scheme titled “Performance and Credit Rating Scheme” with the objective to provide a trusted third party opinion on the capabilities and creditworthiness of the MSEs and to create awareness amongst them about the strengths and weakness of their existing operations. Rating under the scheme is being carried out through empanelled rating agencies i.e. CRISIL, CARE, ONICRA, SMERA, ICRA, Brickwork Ratings and India Ratings. Under this Scheme, rating fee payable by the micro & small enterprises is subsidized for the first year only and that is subject to maximum of 75% of the fee or Rs. 40000/-, whichever is less.

This information was given by the Minister of State, Micro, Small and Medium Enterprises, Shri Giriraj Singh in a written reply to a question in Lok Sabha here today.

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