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Tamil Nadu
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Chennai
Discount on rating fee
Special Correspondent
CHENNAI:
SME Rating Agency of India Limited (SMERA), a rating agency for small and medium enterprises, is offering a 20 per cent discount on the rating fee to units applying for the certification, up to January 15.
For small0scale units routing their application under the National Small Industries Corporation-SMERA scheme, under which up to 75 per cent of the rating fee is subsidised, the discount will be on the fee after the subsidy. Announcing this at a meeting here on Wednesday, SMERA chief executive officer Rajesh Dubey said the rating offered several benefits to the small and medium enterprises.
Units with a good rating could use it as a negotiating instrument for getting finance from the banks on better terms. Since September last year, SMERA had completed around 325 ratings.
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