A scheme for MSMEs has been formulated in consultation with Indian Banks’ Association(IBA) and Rating Agencies. NSIC has been appointed the nodal agency for implementation of this scheme through empanelled agencies.
Benefits of Performance & Credit Rating
An independent, trusted third party opinion on capabilities and credit-worthiness of MSMEs.
Availability of credit at attractive interest.
Recognition in global trade.
Prompt sanctions of Credit from Banks and Financial Institutions.
Subsidized rating fee structure for MSMEs.
Facilitate vendors/buyers in capability and capacity assessment of MSMEs.
Enable MSMEs to ascertain the strengths and weaknesses of their existing operations and take corrective measures.
Benefits to Banks & Financial Institutions
Availability of an independent evaluation of the strength and weaknesses of an MSME unit seeking credit and thereby enabling banks and financial institutions manage their credit risk.
A combination of credit and performance factors including operations, finance, business and management risk.
Uniform Rating Scale for all empanelled rating agencies.
MSME have the liberty to choose among the empanelled Rating Agencies.
MSME Global Mart and MSME Shopping are exclusively meant for MSMEs of India & developing countries to boost export, manufacturing, supply of machines. The website is powered by The National Small Industries Corporation Ltd. - NSIC