Performance and Credit Rating Scheme for Micro and Small Enterprises

Ministry of Micro, Small and Medium Enterprises

The Performance and Credit Rating (PCR) Scheme for Micro and Small Enterprises, implemented by the Ministry of MSME through NSIC, enables MSEs to obtain an independent third-party credit and performance rating from SEBI-registered, RBI-empanelled agencies such as CRISIL, CARE, ICRA, India Ratings, ONICRA, SMERA, and Dun & Bradstreet. The scheme subsidises 75% of the rating fee (subject to turnover-based caps of ₹25,000 to ₹40,000) reimbursable through NSIC, making professional credit ratings accessible and affordable for small enterprises. A credible rating enables MSEs to secure loans at better interest rates, gain recognition in global trade, and helps buyers and vendors assess their capability and creditworthiness. The rating covers operational, financial, business, and management risk on a uniform scale across all empanelled agencies.