SMERA, operational from September, 2005, is a third-party credit rating agency exclusively set up for
MSMEs. It provides ratings that are comprehensive, transparent and reliable and which would enable
the rated units to raise bank loans at competitive rates of interest.
As on December 31, 2009, SMERA had cumulatively completed 5389 ratings, including 1945 MSMEs
ratings during Apr - Dec, 2009.
Risk profiling studies in respect of 13 MSME clusters have been completed.
SMERA has signed MoU with 26 banks for offering interest rate concession to the better rated units.