SMERA Ratings achieves 25,000 MSME Ratings Milestone

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Credit rating agency of India, SMERA Ratings (SMERA) has announced completion of 25,000 Micro, Small and Medium Enterprises – (MSME) ratings in India. This milestone was achieved by SMERA in 8 years of its operations. Within a short span, SMERA ratings have established a credible track record within the lending fraternity with Memorandum of Understanding – (MOU) with 36 banks in the country. The popularity of credit ratings within the MSME sector was possible due to affordable cost of rating facilitated by the subsidy provided by the Ministry of MSME, Government of India, and efficient execution of the scheme by the National Small Industries Corporation (NSIC).

Parag Patki, CEO, SMERA Ratings, said, “The MSME sector is the backbone of any economy, and the heath of the MSME sector is critical to ride the forthcoming wave of economic revival for the country. We expect increasing opportunities for the MSME sector with the Indian Government taking measures to improve investment climate along with initial signs of economic revival in the developed economies. SMERA believes that better managed, efficient and SMERA rated units are eminently positioned to harness these opportunities.

He further added,” SMERA remains committed to facilitating the growth of the MSME sector in India through its Credit Ratings Services and is looking forward to participate in the orderly growth of the sector........See More