New Delhi: An interest rate subsidy of Rs 1 crore to Micro and Small Enterprises (MSEs) can generate nearly thrice as much in indirect taxes, create 38 jobs, and also increase revenue and profitability of MSEs in the near-term, an analysis by CRISIL SME Ratings said here on January 24. Putting it…
Tag: Micro and small enterprises (MSEs)
MSEs with credit rating increase debt by 70%
CRISIL’s analysis of 1,600 Micro and Small Enterprises (MSEs) which sought re-rating for four consecutive years or more shows 35 per cent of them saw at least one rating upgrade. An equal number saw no change in rating, while 14 per cent were downgraded. The rest experienced multi-directional rat…
Enterprise-level IT spawns many efficiencies
A study of 4,500 CRISIL-rated Micro and Small Enterprises (MSEs) shows that just four per cent of them have deployed business process management systems such as Enterprise Resource Planning (ERP) to generate better profitability and inventory management. Most of them limit their operations to bas…
Lack of finance & delayed payments hampering MSEs, says CRISIL study
Micro and small enterprises (MSEs) are typically promoter-driven, be it operations or financing. A CRISIL study of 6,000 MSEs shows that promoters contribute 50-60 per cent of the net working capital requirement – or twice what they are supposed to contribute – because of restricted a…