Need of a Performance and Credit Rating Mechanism for SSIs (now Micro and Small Enterprises) was highlighted in Union Budget’04-05. A scheme for Micro and Small Enterprises 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 and Credit Rating
An independent, trusted third party opinion on capabilities and credit-worthiness of Micro and Small Enterprises
Availability of credit at attractive interest
Recognition in global trade
Prompt sanctions of Credit from Banks and Financial Institutions
Subsidized rating fee structure for Micro and Small Enterprises
Facilitate vendors/buyers in capability and capacity assessment of Micro and Small Enterprises
Enable Micro and Small Enterprises to ascertain the strengths and weaknesses of their existing operations and take corrective measures.
Benefits to Banks and Financial Institutions
Availability of an independent evaluation of the strength and weaknesses of a Micro and Small Enterprises 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.
Micro and Small Enterprises have the liberty to choose among the empanelled Rating Agencies.
Turn-Over based Fee structure
Partial Reimbursement of Rating Fee through NSIC
Agencies (Click on the names for contact details and rating fee)
and Credit Rating Fee
the respective rating agency
of Performance and Rating Fee
Over of SSI
of Fee through NSIC
Rs 50 Lacs
|| 75% of the fee charged by the rating agency subject to a ceiling
|Above Rs.50 lacs to Rs.200 lacs
|| 75% of the fee charged by the rating agency subject to a ceiling of
|Above Rs.200 lacs
75% of the fee charged by the rating agency subject to a ceiling of Rs.40,000/-
Additional conditions for selection of units for rating under the Performance and Credit Rating Scheme are given hereunder :
1. The Turnover of the units should be Rs. 1.00 crore or above.
2. Case of rating should have been recommended by a bank or
to view/download Performance & Credit Rating Scheme
to view/download the application form
interested in Performance and Credit Rating,
Criteria for empanelment of new rating agencies under Performance
and Credit Rating scheme
Concession by NSIC in rate of interest for units rated under
Performance & Credit Rating Scheme.
Circulars of concession
given by Banks for Performance & Credit Rating.
Asked Questions (FAQs)
Study of the
“Performance & Credit Rating Scheme for Micro & Small
Updated : 24/10/2017.