The Micro, Small and Medium Enterprises (MSME) sector is a critical component of India’s growth story, with significant contributions to GDP,
employment and exports. This CII - CRISIL report analyses the unique challenges and bottlenecks in the existing framework for credit rating of MSMEs and their needs vis-à-vis large corporates. It discusses the Performance and Credit Ratings Scheme of the government and its benefits, and also suggests measures MSMEs can adopt to improve their ratings.