75% Govt. Subsidy on NSIC-CARE Performance and Credit Rating Scheme ( Please Ignore this mail if your unit is not an Registered Small Scale industry)

                                                                        
Master Health Check for Your Business: NSIC-ONICRA Performance and Credit Rating for Small Scale Industry (Please ignore this mail if you are serious about Performance and  Financial  health of your business)
Dear Sir,
NSIC-ONICRA Performance and Credit Rating Scheme: A master health check for your Business.
Most people take to good health for granted.  But you never know when your current lifestyle may adversely affect your health in future. Constant stress, irregular food habits and lack of exercise can be the main culprits.
It is a fact that almost every major ailment first manifests itself as minor symptoms, which are often not noticed and hence, neglected. The same thing is to your business also since there has been constant changes in the economic environment of business which may affect your business health in future. It requires proper  health check.  A proper health check helps in the assessment of your health conditions.
NSIC-ONICRA Performance and Credit rating is a health check for your business at Subsidized Rates.
The recent changes in the industrial climate world over and the liberalization of economic environment in our country have thrown up many opportunities and challenges to the small-scale industries. Therefore, there is a need to create awareness amongst small-scale units about the strength and weakness of their existing operations and to provide them an opportunity to enhance their organization strength.
As a step in this direction, a scheme for rating of small-scale industries has been prepared by involving Industry Associations, Indian Banks' Association and ONICRA. The scheme has been approved by the Govt. of India and it also has the approval of Indian Banks' Association. The scheme titled 'NSIC-ONICRA Performance and Credit Rating Scheme is launched by H'ble Finance Minister on 7^th April 2005.
NSIC-ONICRA rating provides an opinion on the company's operating performance and financial strength.
The Ministry of SSI is providing subsidy of 75% of NSIC-ONICRA rating fees. .
At ONICRA, we continue to emphasize the age old adage that prevention is better that cure. ONICRA Credit Rating Agency of India Limited  pioneered in Individual credit rating in India  has  so far to their credit more that 1,00,000 individual credit ratings  on monthly basis.
 Looking forward for hearing from you soon to avail the benefits of such a wonderful initiative as NSIC-ONICRA Performance and Credit Rating, which is a health check for your business at Subsidized Rates, and has been launched to help SSI units.

Please feel free to ask us for further information.

For more details call us to discuss how we can help you or  visit us at
www.vitalconsulting.co.in or www.vitalgroup.in

Sincere Regards,

Rakesh Dwivedi
Head-Strategic Business
  
VITAL CERTIFICATIONS AND BENCHMARKINGS

H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura,  New Delhi- 110 034
Office: (L):011-65888706, 97162-57859
Direct: (M)+(91)-97162-31789, 97160-41789
E-mail: info@vitalvertifications.com
vitalcertifications@gmail.com
vitalconsultingindia@gmail.com ,

Websites : www.vitalcertifications.com,  www.vitalconsulting.co.in 

NSIC–ONICRA PERFORMANCE AND CREDIT RATING SCHEME for SMALL SCALE INDUSTRIES (SSI) is a Government of India initiative with NATIONAL SMALL INDUSTRIES CORPORATION LTD

PLS. IGNORE IF YOU ARE NOT AN REGD SSI UNIT

Dear Sir,  

NSIC–ONICRA PERFORMANCE AND CREDIT RATING SCHEME for SMALL SCALE INDUSTRIES (SSI) is a Government of India initiative with NATIONAL SMALL INDUSTRIES CORPORATION LTD (NSIC) appointed as the nodal agency for the implementation of the scheme.

               

 OBJECTIVE OF THE SCHEME

·        To enhance the acceptability of SSI units with Banks & Financial institutions & Buyers.

·        To meet the opportunities & challenges in the changing Global economic scenario.

SCHEME FEATURES

• Govt. Of India Scheme.
• Approved By Indian Banks Association (IBA).
• 75 % Subsidy on the Rating Fee by Ministry of SSI.
• A combination of credit and performance factors including operations, finance, business and management.
• Turnover based Fee structure
• An independent, trusted third party opinion on capabilities and credit-worthiness of SSIs

 BENEFITS TO SSI

                                                      

·        Re-calibration of Interest Rates by Banks.

·        Waiver of Collateral.

·        Recognition in global trade

·        Prompt sanctions of Credit from Banks and Financial Institutions

·        Facilitate vendors/buyers in capability and capacity assessment of SSIs

·        Enable SSIs to ascertain the strengths and weaknesses of their existing operations and take corrective measures.

·        Privilege benefits as per policy

OTHER STATUTORY REASONS

·        RBI Proposes to Increase Risk Weightage on all unrated Loans to 150%from 100% (EconomicTimes:12 April, 2007)

·        BaselII norms require banks to assign risk Weightage based on the credit rating of the borrower. (EconomicTimes:18 April, 2007)

·        Nationalized  banks like Bank of India, OBC, Central Bank of India, PNB, Bank of Maharashtra, State bank of Mysore, UCO Bank, Union Bank of India and many more are reducing rates of interest based on the rating

LONG TERM BENEFITS TO SSI

• HEALTH CHECK AT SUBSIDIZED RATES CREATING AWARENESS on strength and weakness and take corrective measures.

I believe that the  NSIC Performance and Credit Rating  can be the foundation for the mission of Madhya Pradesh's prosperity leading to the creation of Madhya Pradesh as a great State.

We are very much interested to listen from you to avail this opportunity extended to the entrepreneurs of Madhya Pradesh for  success in their mission of transforming their State into a developed State by 2016.

Please let us know how we can work together closely to educate the industries to get maximum benefit of the scheme.

Thanking  You

 VITAL CERTIFICATIONS AND BENCHMARKINGS

H-1/114, Garg Tower, Netaji Subhash Place, Pitam Pura,  New Delhi- 110 034
Office: (L):011-65888706, 97162-57859
Direct: (M)+(91)-97162-31789, 97160-41789
E-mail: info@vitalvertifications.com
vitalcertifications@gmail.com
vitalconsultingindia@gmail.com ,

Websites : www.vitalcertifications.com,  www.vitalconsulting.co.in