The National Small Industries Corporation (NSIC) has formulated a Performance & Credit Rating Scheme for Micro & Small Enterprises (MSEs).
The National Small Industries Corporation (NSIC) has formulated a Performance & Credit Rating Scheme for Micro & Small Enterprises (MSEs).
The ministry of MSME has appointed NSIC as the nodal agency to implement the scheme. This has been done in consultation with credit rating agencies and Indian Banks' Association.
In the panel chosen by NSIC are the leading credit rating agencies like CARE, CRISIL, Dun & Bradstreet, FITCH, ICRA, ONICRA and SME Rating Agency of India Ltd (SMERA) to conduct the rating of interested Micro & Small Enterprises under the scheme.
The criteria of finalization are left up to the individual rating agencies. But the symbols and the definitions for indicating risk has been evolved on uniform basis for implementation by all rating agencies.
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