Small and Medium Enterprises Rating Agency

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= SMERA, SME Rating Agency of India Limited



Hans Schuhmacher:

"SME Rating Agency of India Limited (SMERA) is a joint initiative by SIDBI (Small Industries Development Bank of India), Dun & Bradstreet Information Services India Private Limited (D&B) and several leading banks in the country. SMERA is the country's first rating agency that focusses primarily on the Indian SME segment. SMERA's primary objective is to provide ratings that are comprehensive, transparent and reliable. The ratings facilitate greater and easier flow of credit from the banking sector to SMEs.

SMERA's ratings are based on comparisons of SMEs, financial as well as non-financial aspects are taken into account. Parameters are dynamic and updated regularly. The costs of a first-time rating for a small company amount to 120 EUR, significantly bigger companies pay 190 EUR. Businesses that are not members of the official small entrepreneurs agency NSIC have to pay three times these amounts. Meanwhile. SMERA collaborates with 28 leading banks and financial institutions.

SMERA also conducts ratings of MFIs that are based on their financial and social performance. In October 2008, SMERA's CEO advised Indian SMEs to realise that economic sustainability is the order of the day and recommended investments in sustainable technologies."


  • Climate Justice as Business Case: Innovative Business Models for the Transfers of Climate-Friendly Technologies. By Hans Schuhmacher, with support from Julio Lambing et al. European Business Council for Sustainable Energy. Preliminary English version. 06 December 2009 [1]