This scheme seeks to establish independent, trusted third party opinion on capabilities and credit-worthiness of MSEs, and makes credit available at attractive interest rates. It endeavours to enable MSMEs fain recognition in global trade, ensure prompt sanctions of credit from banks and financial institutions, subsidised rating fee structure for MSEs, facilitate vendors/buyers in capability and capacity assessment of MSEs, enable the MSEs to ascertain the strengths and weaknesses of their existing operations and take corrective measures.
Salient features:
The scheme is combination of credit and performance factors including operations, finance, business and management risk, allowing uniform rating scale for all empanelled rating agencies. MSEs have the liberty to choose from the empanelled Rating Agencies. The fee structure is turn-over based. Partial re-imbursement of rating fee may be obtained through NSIC.
| Turnover of MSE | Re-imbursement of fee through NSIC |
| Up to Rs.50 lakh | 75% of the fee or Rs.25,000 (whichever is less) |
| Above Rs.50 to 200 lakh | 75% of the fee or Rs.30,000 (whichever is less) |
| More than Rs.200 lakh | 75% of the fee or Rs.40,000 (whichever is less) |
Any enterprise registered in India as a micro or small enterprise is eligible to apply.
Any micro or small enterprise wishing to apply for rating will have to fill up the prescribed application form and submit the same to the nearest branch of NSIC or to the rating agency chosen by it, or through empanelled rating agencies: CARE, CRISIL, India Ratings, ICRA, ONICRA, SMERA, Dun & Bradstreet (D&B), SMERA.
