Benefits of Performance and Credit Rating are:• Global trade is made possible
• It ensures the credibility of the MSMEs
• Attractive Interest Rates in case of a good credit score
• Sanctions and prompt approvals from banks for the provision of loans
• The fee structure for MSMEs is available at subsidised rates.
• It further facilitates buyers to conduct capacity assessments of these MSMEs.
• It helps MSMEs to understand their own strengths, weaknesses, opportunities and threats and further work on control ad corrective measures.