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SMERA in pact with SBI

COIMBATORE: The SME Rating Agency of India Limited (SMERA) signed an agreement with State Bank of India recently to encourage the small and medium enterprises (SME) clients of the bank to get rated by SMERA. It is in talks with more banks and financial institutions in this regard, said Rajesh Dubey, Chief Executive Officer of SMERA. He said the inaugural offer of rating fees at Rs. 7,500 (plus taxes) was valid till October 31. The agency had appealed to the Centre to grant 75 per cent of rating expenses as subsidy to the units.

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