SME Rating Agency of India

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SMERA Gradings & Ratings Private Limited
IndustryCredit Ratings
Founded2005[1]
Headquarters905, Lodha Supremus, Kanjurmarg East, Mumbai, Maharashtra, India
Key people
Nikunj Dube
ProductsSmall & Medium Enterprises (SME) Rating, Credit Due Diligence, Solar Grading, Vendor Assessment

MFI Grading - Mircofin Analytics,

SMERA Terminal
Parent
Websitewww.smeraonline.com

SMERA, widely known as ‘The SME Rating Agency’, was conceptualised by the Ministry of Finance, Govt. of India and the Reserve Bank of India to help Indian MSMEs grow and get access to credit through independent and unbiased credit opinion that banks can rely on. SMERA offers SME Ratings, New Enterprise Credibility Scores, SME Credit Due Diligence and SME Trust Seal for Indian MSMEs to help banks and financial institutions make informed lending decisions.

SMERA is a subsidiary of Acuité Ratings & Research Limited. Acuité, a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India, is registered with SEBI as a credit rating agency.[2][3][4]

Microfin Analytics is an initiative of SMERA Gradings & Ratings to facilitate financial inclusion through grading, research and advisory services exclusive to the Microfinance Institutions (MFI) sector. It aims to provide valuable and timely insights to MFI lenders and investors to meet their social, financial and business objectives.

History[]

SMERA was an initiative of the Ministry of Finance, Govt. of India and the Reserve Bank of India. Thus, SMERA became the world’s first MSME and SME-focused focused rating agency and introduced the concept of SME Ratings in India. SMERA is now a wholly-owned subsidiary of Acuité Ratings & Research Limited.[5][6]

Achievements[]

1) SMERA has completed over 52,000 ratings to date across sectors and geographies. SMERA Ratings are now an integral part of the risk assessment process within the lending and investing community.[6]

2) In 2005, SMERA was incorporated under the directive of the Government of India. In the same year, it was approved by the Ministry of MSME and Government of India for the PCR Scheme of NSIC.[3][2]

3) The Department for International Development, UK extended Technical Assistance grant under World Bank Project in the year 2006.[6]

4) The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has awarded SIDBI with the "Outstanding Development Project Award" for setting up SMERA. The award was given under the SME Development Category during the 30th ADFIAP Annual Meeting held on 10 May 2007 at Hanoi, Vietnam.[2][7]

5) SMERA was mentioned mention in IFC's report in 2010, as a novel and sustainable initiative of the Govt. of India to increase credit flow to the MSME sector in India.[2]

6) In 2017, SMERA launched its product SMERA Terminal - a fintech platform for connecting lenders and MSME's.[6]

7) SMERA New Enterprise Credibility Score (NECS) was launched in 2018 to establish the identity of startups and build their visibility amongst various stakeholders.

References[]

  1. ^ https://www.smeraonline.com/newweb/index.php/about/
  2. ^ a b c d "Acuite Ratings & Research Limited | Department of Financial Services | Ministry of Finance | Government of India". financialservices.gov.in. Retrieved 25 November 2021.
  3. ^ a b PTI. "Smera gets RBI nod to offer credit rating". @businessline. Retrieved 25 November 2021.
  4. ^ "MSMEs' Credit Rating Is Set for a Model Change". Moneylife NEWS & VIEWS. Retrieved 25 November 2021.
  5. ^ "SMERA Ratings appoints Sankar Chakraborti as CEO". Business Standard India. Press Trust of India. 17 July 2014. Retrieved 25 November 2021.
  6. ^ a b c d "Government Subsidy Loan for Business and Small Scale Industries". old.sidbi.in. Retrieved 25 November 2021.
  7. ^ "SMERA gets ADFIAP Award". Financial Express. Retrieved 26 February 2011.

External links[]

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