At Transparent, we provide SME Ratings from CRISIL that enjoys high level of creditability with all nationalized as well as private banks of India. It can be briefed in following points:

1. The need for the performance and credit rating mechanism for SSI units was highlighted in the Union Budget of 2004-05. Accordingly National Small Industries Corporation Ltd. (NSIC) of India has been appointed as Nodal Agency for implementation of the scheme through CRISIL in consultation with Indian Bank Association and Rating Agencies.

2. National Small Industries Centre (NSIC), under Ministry of SSI, Government of India had also announced a central subsidy for SSIs ranging from Rs 25000 to Rs 40000.

3. If any of the SMEs is having any business relationship (may be a simple current account) with any of the banks (for ex: State Bank of India, Central Bank of India, UCO Bank, Bank of Baroda, Canara Bank, etc) with whom CRISIL had entered a MOU then there is further concession in rating fees for limited period.

4. Let us know the name of your Bank and we will also provide you with copy of MOU entered with Head Office of your Bank along with copy of circular that has been circulated by Head Office of your Bank to its branches all over India.