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NSIC–ONICRA PERFORMANCE AND CREDIT RATING SCHEME for SMALL SCALE INDUSTRIES (SSI) is a Government of India initiative with NATIONAL SMALL INDUSTRIES CORPORATION LTD (NSIC) appointed as its nodal agency for the implementation of the scheme.
The scheme was launched by the Honorable Finance Minister & is approved by Indian Banks Association (IBA). THE MINISTRY OF SSI IS OFFERING A SUBSIDY OF 75% ON THE RATING FEE.
Objective of the Scheme
Scheme Features
Benefits to SSI
Support SSI - Possibly can get
Rating Process
Rating Scale
Rating Fee
Download Application form
Objective of the Scheme
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To enhance the acceptability of SSI units with Banks & Financial institutions & Buyers. |
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To meet the opportunities & challenges in the changing Global economic scenario. |
Scheme Features
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A combination of credit and performance factors including operations, finance, business and management. |
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Turnover based Fee structure. |
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Implemented through NSIC, a nodal agency of Govt. Of India. |
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Approved by Indian Banks Association (IBA) |
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During first year a subsidy of 75% on rating fee by Ministry of SSI. |
Benefits to SSI
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ACCEPTABILITY WITH BANKS: The IBA approval enhances the acceptability with banks, lenders and financial institutions. This gives access to quicker and cheaper credit. |
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CREATING AWARENESS: The awareness on strength and weakness helps in identifying the areas of improvement and puts focus on their strengths. |
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CONFIDENCE AMONG BUYERS: It infuses confidence among buyers while taking decisions on sourcing the material from SSI & a recognition in trade. |
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RISK MANAGEMENT: It highlights the Parameters measuring operational, financial, business & management risks. |
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INCREASED PRODUCTIVITY: It provides an unbiased opinion on strengths and weaknesses of their existing operations & the corrective measures. |
Support SSI - Possibly can get
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Speedier Loans Disbursement for Authenticated SSI/SME |
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Consideration on the Interest Rates, may be a special discount for Highly rated SSI |
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Waiver of Collateral in specific qualified cases. |
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Privilege benefits as per policy |
Rating Process
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Submission of Application in Duplicate by SSI in prescribed form. |
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Application has to be accompanied by the list of documents and |
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SSI share of rating fee (i.e.25% of the total fee). (The payment should be in the name of “Onicra Credit Rating Agency of India ltd” payable at Delhi.) |
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Collection of information from SSI |
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Conduct basic research |
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Site visit & meeting with SSI management with prior appointment. |
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Analysis & preparation of report by the Analysis wing |
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Approval of rating by the Rating Committee |
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Assign Rating |
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Communicate Rating & Rationale to SSI & NSIC |
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ONICRA will assign rating within a month after the receipt of all the documents from the SSI. |
ELIGIBILITY
A Registered SSI Unit in India is eligible to avail the benefit of the rating scheme. A proof of registration as SSI will be required.
Rating Scale
NSIC-ONICRA Performance & Credit rating Scheme
Performance capability |
Financial Strength |
| High |
Moderate |
Low |
| Highest |
SE 1A |
SE 1B |
SE 1C |
| High |
SE 2A |
SE 2B |
SE 2C |
| Moderate |
SE 3A |
SE 3B |
SE 3C |
| Weak |
SE 4A |
SE 4B |
SE 4C |
| Poor |
SE 5A |
SE 5B |
SE 5C |
Rating Fee
Turnover Slab |
upto 50L |
50L to 200L |
Above 200L |
| Rating Fee (Rs.) |
33,000 |
40,000 |
54,000 |
| Service Tax @
12.36% |
4,079 |
4,944 |
6,674 |
| Total Fee |
37,079 |
44,944 |
60,674 |
| NSIC Subsidy (Rs.) |
25,000 |
30,000 |
40,000 |
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9,270 |
11,236 |
15,169 |
All Payments should be by way of a D.D / Cheque in the name of ONICRA CREDIT RATING AGENCY OF INDIA LIMITED, payable at New Delhi
The Subsidy is being directly given to ONICRA by Ministry of Small Scale Industry through NSIC.
Renewal Fee
Turnover Slab |
upto 50L |
50L to 200L |
Above 200L |
| Fee (Rs.) |
7,500 |
10,000 |
12,500 |
| Service Tax @
12.36% |
927 |
1,236 |
1,545 |
| Total Fee |
8,427 |
11,236 |
14,045 |
All Payments should be by way of a D.D / Cheque in the name of ONICRA CREDIT RATING AGENCY OF INDIA LIMITED, payable at New Delhi
Download Application form
For queries please contact sme_nsic@onicra.com
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