Saturday, May 21, 2011

NSIC-ONICRA Performance and Credit Rating Scheme: An opportunity to avail 75% Subsidy by SSI

NSIC-ONICRA Performance and Credit Rating Scheme: An opportunity to avail 75% Subsidy by SSI (Please Ignore this mail if your unit is not an Registerd Small Scale industry)

NSIC-ONICRA Performance and Credit Rating Scheme: An opportunity to avail 75% Subsidy by SSI

The recent changes in the industrial climate world over and the liberalization of economic environment in our country have thrown up many opportunities and challenges to the small-scale industries. Therefore, there is a need to create awareness amongst small-scale units about the strength and weakness of their existing operations and to provide them an opportunity to enhance their organization strength.

As a step in this direction, a scheme for rating of small-scale industries has been prepared by involving Industry Associations, Indian Banks' Association and ONICRA. The scheme has been approved by the Govt. of India and it also has the approval of Indian Banks' Association. The scheme titled 'NSIC-ONICRA Performance and Credit Rating Scheme is launched by H'ble Finance Minister on 7th April 2005.

NSIC-ONICRA rating provides an opinion on the company's operating performance and financial strength.

The Ministry of SSI is providing subsidy of 75% of NSIC-ONICRA rating fees.

Benefits of NSIC-ONICRA rating:

· Acceptability with Banks: The Indian Banks Association enhances the acceptability with banks, lenders and financial institutions. This also gives access to quicker and cheaper credit thereby economizing the cost of lending.

· Confidence among buyers: It shows your operating performance and financial strength, which will infuse confidence among buyers while taking decisions.

· Creating awareness: It gives you detailed analysis of your units' strengths and weaknesses, which can be used to strengthen your operations and finances also. It provides you with the analysis of owners, promoters, directors of SSI unit, which can be used to develop the skills and getting insight.

· Evaluating performance: It provides you with the evaluation of your units' as well as yours operational and financial performance. This gives you an insight of your operations and finances, which are unbiased.

· Risk Management: It provides you the parameters to measure operational, financial, managerial and business risks.

· Identifying areas of improvement: It helps you in identifying the areas of improvement and put focus on the strengths.

Advantages of rating by ONICRA:

· Onicra is a Performance & credit rating company for last 13 years.

· It is the only organized platform in India for individual credit risk assessment / management and Information exchange.

· It is the first company to launch commercial services and provide individual credit rating and reporting services to the Indian financial market.

· It has been acknowledged as pioneer of Individual Credit Rating in the Economic Survey of India 1993-94 issued by Ministry of Finance, Government of India.

· It has developed over the years the methodology to assess the financial risks in respect of various types of transactions relating to Individuals and SME.

· It has skilled in-house workforce engaged in processing/meeting individuals/validation/ authentication of information.

· It has strong professionals team which has rated over 2 million cases in last 5 years. Currently doing on an average of 100,000 cases every month.

· We go beyond papers. Apart from financial check, lifestyle check, key profile of promoters, management style, MIS, etc are the additional inputs included in our report.

· We have documented process of data accumulation, validation, authentication and analysis.

The NSIC-ONICRA rating fees is as follows:



Ser. Tax @ 12.24%

Total Fee

Subsidy *

SSI Unit Pays

Up to Rs.50 lacs






Rs.50 lacs to Rs.200 lacs






Above Rs. 200 lacs.






*SSI unit needs to pay only their share of 25% of total rating fees as given in above table, rest 75% will be paid by NSIC directly to Onicra.

Looking forward for hearing from you soon to avail the benefits of such a wonderful initiative, which has been launched to help SSI units.

Please feel free to ask us for further information.

For more details call us to discuss how we can help you or visit us at or

Sincere Regards,

Rakesh Dwivedi
Head-Strategic Business

H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura, New Delhi- 110 034
Office: (L):011-65888706, 97162-57859
Direct: (M)+(91)-97162-31789, 97160-41789
E-mail: , ,
Blog :

No comments:

Post a Comment