Seminar
Source: The Sangai Express
Imphal, May 25 2014:
A seminar on performance and credit rating of MSME was organised today by Onicra in association with Chamber of Commerce, Manipur at Babina's Conference Hall.
According to a press statement, the seminar was participated by around 50 entrepreneurs of the State.
The seminar mainly focused on the performance and credit ratings of MSMEs in Manipur.
Senior analyst of Onicra, Anol Jyoti Sarmah of Guwahati presented the benefits of ratings for MSME.
He talked on adding credibility to the status of the MSME, improvement of the comfort level with prospective/existing lenders, negotiation for better terms on the basis of the credit quality reflected by the rating, increment of credit acceptability with banks and financial institutions, reduction of time involved in obtaining loan approvals etc.
He also delivered on benefits for lenders including comfort level for prudent decision making, reduction in information asymmetry in the MSME sector, warning signals through periodic rating review etc.