Policy on credit ratings for MSMEs

Why is it in the news?
  • The government is in the process of formulating a policy on credit ratings for micro, small and medium enterprises (MSMEs).
More in the news
  • Purpose of the Policy:
(1) To help investors and other players take informed decision.
(2) A digital data based credit rating system is to be in place.
(3) To make the rating of the industry. It can give information about the MSMEs.
(4) It will help to make easy decisions.
  • MSMEs contributed 49% of India’s total exports.
  • The government was using technology and innovations to boost agricultural and tribal sectors through new technologies and innovations.
Source
The Hindu.
Posted by Jawwad Kazi on 12th Nov 2019
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