64 Mn Indian SMEs employ 111 Mn people & contribute 52% of exports. Yet, funding remains an issue.
64 Mn Indian SMEs employ 111 Mn people & contribute 52% of exports. Yet, funding remains an issue.
SMEs' Challenges
– High-interest rates – Lack of collaterals for borrowing – Lenders’ low confidence – Delays in receivable management – Inappropriate comparison with large companies
Bankers' Challenges
– Information asymmetry – Lack of quality financial statements – Low capital base of SMEs – Few appropriate credit models – High cost of appraisal, credit monitoring & origination
SMEs' Challenges
– High-interest rates – Lack of collaterals for borrowing – Lenders’ low confidence – Delays in receivable management – Inappropriate comparison with large companies
Bankers' Challenges
– Information asymmetry – Lack of quality financial statements – Low capital base of SMEs – Few appropriate credit models – High cost of appraisal, credit monitoring & origination
SMERA,world’s first SME-focused rating agency, this gap.