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Ministry of MSME Reviews Performance & Credit Rating Scheme

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Union Minister for Micro, Small and Medium enterprises (MSME), Kalraj Mishra, reviewed the Performance and Credit Rating Scheme and has called for a speedy implementation of the scheme.

Updating this on the social media page on Wednesday, the Ministry said, “Kalraj Mishra, Minister MSME, took review of Performance and Credit Rating Scheme and desired speedy implementation.”

Among others Secretary MSME, SS & DC MSME CMD NSIC and other senior officials of the Ministry of MSME were present.

NSIC in consultation with Credit Rating Agencies and Indian Banks’ Association has formulated the Performance and Credit Rating Scheme for MSMEs.  NSIC has been appointed as a nodal agency by the Ministry of MSME to implement the scheme. The objective of this proposal is to provide a trusted third party opinion on the capabilities and creditworthiness of the MSMEs and to create awareness amongst them about the strengths and weakness of their existing operations.

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