With an estimate over 57.7 million, Indian MSMEs contribute 8% to the total Gross Domestic Product (GDP) and account for 40% of the total Indian exports. MSMEs lead to entrepreneurial development and diversification of the industrial sector. Budget 2016 has tried to, and has, well-balanced the ec…
Tag: VARUN MIRCHANDANI
If India has to grow, we need to have strong SME rating fundamentals | Varun Mirchandani, ED, ONICRA
Rating of SMEs has worked wonders in getting bank loans and there are empirical evidence to suggest ratings have changed thousands of SMEs into vibrant enterprises with commercial banks coming forward to provide them loans hand-hold them during difficulties. Rating agency ONICRA Executive Directo…
Get rated to be banked | Varun Mirchandani, Executive Director, Onicra
“55% of registered MSMEs can tap into Rupees 5,50,00 crore fund post rating” More than half of India’s unbanked registered Small and Medium Enterprises can avail of first time credit should they get themselves rated, said Varun Mirchandani, Executive Director, Onicra Credit Rating, one of India’s…