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SIDBI to work with credit rating agencies to create specific and separate product suite for MSMEs

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By Vivek K Mob: 00919820310487 E-mail: indianshowbusiness@gmail.com

Shri S. Muhnot, Chairman and Managing Director of SIDBI, the principal financing institution for the Micro, Small and Medium Enterprises (MSMEs) sector in India, has urged credit rating agencies (CRAs) to develop specific and separate product suites for MSMEs in an attempt to make all MSMEs ‘Ratings Ready’. While speaking at the National Conference by ASSOCHAM on Credit Ratings, Shri Muhnot stated that SIDBI is partnering with CRAs to make an independent assessment or grading of a loan proposal such that the banks get an assessed SME proposal helping them to significantly enhance their lending to this sector.

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