In association with National Small Industries Corporation (NSIC), ONICRA rates MSMEs
on a special rating scale. The government has presently subsidized the fees for
this rating by up to 75 percent, enabling small enterprises to get themselves rated.
The Rating service is aimed at enabling MSMEs improve their access to institutional
credit, increase their competitiveness, and raise their market position.
The Rating methodology covers credit and performance factors, including parameters
that measure operating, financial, business and management risks
Any enterprise registered in India as a micro or small enterprise can benefit from
this rating. As a proof of eligibility, ONICRA requires a registration certificate
issued by the micro and small enterprise registration authority, namely, the District
Industry Centre or the Directorate of Industries.