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Which credit rating agency is primarily focused on rating Micro, Small, and Medium Enterprises (MSMEs) in India?
  • a)
    CRISIL
  • b)
    CARE
  • c)
    ICRA
  • d)
    SMERA
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which credit rating agency is primarily focused on rating Micro, Small...
SMERA, which stands for Small and Medium Enterprises Rating Agency of India, is primarily focused on rating Micro, Small, and Medium Enterprises (MSMEs) in India. It was established in 2005 by Small Industries Development Bank of India (SIDBI), Dun and Bradstreet Information Services India Private Limited (D&B), and various public, private sector, and multinational banks in India. SMERA is registered with SEBI as a credit rating agency and accredited by the Reserve Bank of India. It provides credit ratings and grading services for various instruments and plays a key role in assessing the financial health and creditworthiness of MSMEs in India. SMERA has rated over 38,000 enterprises to date and is highly considered by financial institutions when approving or lending funds to MSMEs.
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