Kolkata - The Engineering Export Promotion Council of India (EEPC India) has urged the government to introduce a separate credit rating framework for micro, small and medium enterprises (MSMEs), arguing that the existing rating mechanisms do not adequately reflect the unique business realities and growth potential of smaller firms.

According to EEPC India, a dedicated credit rating system would help MSMEs gain easier access to institutional finance, reduce borrowing costs, and improve their overall competitiveness in domestic and international markets. The council noted that many MSMEs, particularly export-oriented units, face challenges in securing affordable credit due to . . .