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Need
of a Performance and Credit Rating Mechanism for SSIs was highlighted
in Union Budget’04-05. A scheme for SSIs 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
SSIs
- Availability
of credit at attractive interest
- Recognition
in global trade
- Prompt
sanctions of Credit from Banks and Financial Institutions
- Subsidized
rating fee structure for SSIs
- Facilitate
vendors/buyers in capability and capacity assessment of SSIs
- Enable
SSIs to ascertain the strengths and weaknesses of their existing operations
and take corrective measures.
Benifits
to Banks and Financial Institutions
Availability
of an independent evaluation of the strength and weaknesses of an SSI
unit seeking credit and thereby enabling banks and financial institutions
manage their credit risk
Salient
Features
- A combination
of credit and performance factors including operations, finance, business
and management risk
- Uniform Rating Scale for all empanelled rating agencies.
- SSIs have
the liberty to choose among the empanelled Rating Agencies.
- Turn-Over
based Fee structure
- Partial
Reimbursement of Rating Fee through NSIC
Empanneled
Agencies (Click on the names for contact details and rating fee)
Performance
and Credit Rating Fee
Please contact
the respective rating agency
Reimbursement
of Performance and Rating Fee
| Turn
Over of SSI |
Reimbursement
of Fee through NSIC |
| Upto
Rs 50 Lacs |
75%
of the fee or Rs 25000/-
(Whichever is less)
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| Above
Rs 50 to 200 lacs |
75%
of the fee or Rs 30000/-
(Whichever is less)
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| More
than Rs 200 lacs |
75%
of the fee or Rs 40000/- (Whichever is less)
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Click here
to view/download Performance & Credit Rating Scheme
Click here
to view/download the application form
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.
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