Government has no plans to implement rating system for MSMEs: MSME Min Narayan Rane
Credit and Finance for MSMEs: The erstwhile Performance & Credit Rating Scheme of the MSME Ministry was discontinued in December 2018. The scheme was intended to provide a third-party opinion on MSMEs’ capabilities and creditworthiness.
Credit and Finance for MSMEs: MSME Minister Narayan Rane has reiterated that the government doesn’t have any plans to implement a rating system for monitoring micro, small, and medium enterprises (MSMEs).
This assumed significance as the former MSME Minister Nitin Gadkari on multiple public events had announced that the government is in process of setting up a rating process to enable small businesses to access bank loans on the basis of the ratings.