Organisation : Micro, Small & Medium Enterprises
Scheme Name : Performance & Credit Rating Scheme
Applicable For : Small Industries
Applicable States/ UTs : All India
Home Page : http://msme.gov.in/
Terms & Conditions : https://www.statusin.in/uploads/37574-PCRScheme.pdf
MSME PCR Scheme
The Small Scale Sector occupies an important position in any developing economy the world over.
Related : Micro, Small & Medium Enterprises Digital MSME Scheme : www.statusin.in/24892.html
Fast changing global economic scenario has thrown up many opportunities and challenges to the Small Scale Industries in India.
While, on the one hand, many opportunities have opened up for the small scale sector to enhance productivity and look for new markets in other countries, it has also put an obligation on them to upgrade their competence in terms of technology, management & financial strength to successfully meet the global competition.
Salient Features
Approach For Rating Of SSI Units
i. NSIC is the nodal agency for implementing the scheme of performance and credit rating for Small Scale Industries through its various branches/offices located in the country.
ii. The unit’s rating shall be a combination of performance and credit worthiness of the unit. The SSI rating methodology shall cover a combination of credit and performance factors including parameters measuring operational, financial, business and management risks.
iii. The Rating Agencies shall be empanelled by NSIC Head Office, for implementing the Scheme in order to facilitate the Rating process.
Selection Of The Rating Agency By SSI Units
The Small Scale Unit shall be at liberty to select any of the rating agencies empanelled under the rating scheme with NSIC. The rating agency chosen by the unit shall be mentioned in its request for obtaining the rating.
Rating Fee
The Rating Agencies have different fee structure for their rating of various clients including Small-Scale Units. The Rating Agencies will devise their fee structure for SSI units under this Scheme separately.
As the evaluation criteria for award of Rating is different with various Rating Agencies and their acceptability also varies with the users, the rating fee to be charged by the Rating Agencies will be varying.
Promotion Of The Scheme
The scheme would be given wide publicity by NSIC, IBA and Credit Rating Agencies. The details of the scheme would also be available on the website of the Ministry of SSI, NSIC, IBA & its member banks, SSI Associations and the Rating Agencies shall also be used to promote the Rating Scheme.
Application Form
The application forms will be available at all the offices of NSIC and with the empanelled Rating Agencies. The forms will also be made available at the website of NSIC, IBA and the Rating Agencies.
Interested Small Industries Associations will also be requested to make available the Application Form from their website.
Any SSI unit wishing to apply for rating will have to fill up the prescribed application form and submit the same to NSIC or the rating agency chosen by it.