BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Performance and Credit Rating Scheme
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Zero Defect Zero Effect Certification
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Performance and Economy Rating Scheme (d)
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None of the above
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Detailed explanation-1: -The rating of MSE under the PCR Scheme is being carried out through empanelled rating agencies. Micro & Small enterprises have the liberty to select any of the rating agencies. The following are the Ministry approved rating agencies: Investment Information and Credit Rating Agency of India Limited (ICRA)
Detailed explanation-2: -This scheme seeks to establish independent, trusted third party opinion on capabilities and credit-worthiness of MSEs, and makes credit available at attractive interest rates and will ensure better productivity.
Detailed explanation-3: -NSIC is the nodal agency for implementing the scheme of performance and credit rating for Micro & Small Enterprises through its various branches/offices located in the country. ii. The unit’s rating is a combination of performance and credit worthiness of the unit.