To boost credit flow to the small-scale sector, the government is likely to introduce a credit rating scheme for small-scale industries (SSI) soon. The scheme, which will be implemented by the National Small Industries Corporation (NSIC), has received the approval of the ministry of SSI. The rating will reflect performance and credit worthiness of a unit.
Under the scheme, SSI units can approach various rating agencies like ICRA and CRISIL, either directly or through NSIC. These rating agencies will be empanelled by NSIC and will communicate their fee structure (especially devised for SSI units) to it.
The agencies, however, are free to revise their fees from time to time taking into account competition and number/size of clientele.
