Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Standard view
Full view
of .
Add note
Save to My Library
Sync to mobile
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1


Ratings: (0)|Views: 20,524|Likes:
Published by omarismail

More info:

Published by: omarismail on Aug 06, 2011
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See More
See less





The manner of execution of subsidy programmes,including the amounts allocated and the details ofbeneficiaries of such programmes.
Name of programme / scheme
Performance & Credit Rating Scheme for Micro and Small Enterprises
Duration of the programme / scheme
On-going scheme
Objective of the programme
In the current economic scenario, there is a need to create awarenessamongst Micro and small Enterprises about the strengths and weaknesses oftheir existing operations and to provide them an opportunity to enhance theirorganizational strengths. The Rating Scheme would encourage Micro andsmall Enterprises in improving its contribution to the economy by way ofincreasing their productivity, since a good rating would enhance theiracceptability in the market and also make access to credit quicker andcheaper and thus help in economizing the cost of credit. Besides, the ratingwould also infuse a sense of confidence amongst the buyers for taking adecision on the options of sourcing material from Micro and small Enterprises.
Physical and Financial Targets of the programme
(for the year 2011-12)Micro and small Enterprises to be rated - 18000 unitsGovernment Grants (B.E.) - Rs.75 crore.
Eligibility of beneficiary
The unit should be registered as a Micro or Small Enterprises with theconcerned District Industries Centre (DIC) or filed Entrepreneur’sMemorandum with the notified authority. The scheme permits benefit ofsubsidy only once towards rating of micro or small enterprises through any ofthe empanelled rating agency. Accordingly the benefit of subsidy can not beextended twice to any unit.
Pre-requisites for the benefit
The fee to be paid to the rating agency shall be based on the turnover of themicro and small enterprises which has been categorized into three slabs: 75%of the fee charged by the rating agency (subject to a ceiling) would besubsidized by the ministry of MSME and shall be released through NSIC. Thebalance amount I.e. 25% towards the fee shall be borne by the micro andsmall enterprises.
Procedure to avail the benefits of the programme
The rating process will be undertaken in the following manner:
1. Request for Rating from micro and small enterprises2. Collection of Information from the micro and small enterprises3. Onsite meeting with micro and small enterprises Management4. Analysis of Information obtained from the micro and smallenterprises5. Assign Rating
Detail of the benefits given in the programme
(also mention theamount of subsidy or other help given)
The fee to be paid to the rating agency shall be based on the turnover ofthe Micro and Small Enterprises which has been categorized into threeslabs. The slabs of the Turnover and the Share of Ministry of MSMEtowards the fee charged by the Rating Agency have been indicated in thetable given below:-
Turnover Fee to be reimbursed by Ministry of MSME
Up to Rs.50 lacs 75% of the fee charged by the rating agency subjectto a ceiling of Rs.25,000/-Above Rs.50 lacs toRs.200 lacs75% of the fee charged by the rating agency subjectto a ceiling of Rs.30,000/-Above Rs.200 lacs 75% of the fee charged by the rating agency subjectto a ceiling of Rs.40,000/-
The balance amount towards the fee shall be borne by the Micro andSmall Enterprises. The portion of the fee to be subsidized by the Ministryshall be released through NSIC after submission of the Rating Report toNSIC by the Rating Agencies.
Procedure for the distribution of the subsidy
NSIC release the subsidy amount to the concerned rating agency onsubmission of the following documents:1. Rating report assigned by it to Micro and Small Enterprises2. application form duly filled by Micro and Small Enterprises3. 25% fee paid by the unit to rating agency
Where to apply or whom to contact in the office for applying
Micro and Small Enterprises can contact at any of the branch offices of NSICor directly to any one of the rating agencies viz. CRISIL, CARE, ICRA,ONICRA, SMERA, FITCH & BWR empanelled by NSIC for assigning rating toMicro and Small Enterprises
Application fee
(where applicable)No application fee is required.
Other fees
(where applicable)
75% of the fee charged by the rating agency is subsidized by Ministry ofMSME which is released through NSIC. The balance fee of Rs.25% is beingborne by the Micro and Small Enterprises.
Application Format
(where applicable. If the application is made on the plain paper please mention italongwith what the applicant should mention in the application.)
Application format enclosed at Annexure-I &I(A)
List of attachments
(certificate / documents)
The list of documents to be enclosed with application form by applicant is enclosed atAnnexure-II
Where to contact in case of process related complaints
The unit can contact any of offices / branches of NSIC or directly any one of therating agency empanelled by NSIC.
Details of the available fund
(at various levels like Districtlevel, block level etc.)
An amount of Rs. 75.00 crore has been provided as Budget Estimates(B.E.) in the budgetary support for the year 2011-12.

Activity (15)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
bonifacesilveira liked this
Ivana Denkovska liked this
Sheeba Swathi liked this
Thai Huynh liked this
Saoloan Naiborhu liked this
Seema Mittal liked this

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->