Minister for Micro, Small and Medium Enterprises Nitin Gadkari today called for creation of ratings system for MSMEs and Dashboard for effective monitoring of MSME schemes.
Addressing a webinar by Chamber of Indian MSMEs, he said, simple and transparent methodology should be evolved to give ratings to MSMEs to enable them to get finances from the banks
and institutions.
The Minister said, the whole world now wants to invest in Indian industry and with effective rating system MSMEs can get good investment from abroad.
Mr. Gadkari proposed setting up of dashboard for monitoring schemes to prevent delays in decision making. He asked SIDBI to take decisions within three months and provide support.
He said, it is time to make our system transparent, time-bound, result-oriented and performance-oriented and help appropriate entrepreneurs with good track record.
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