• SANATH KUMAR N
• Dr. N. NAGARAJA

The Small and Medium Enterprises (SME) sector in India is recognized for its characteristics of low investment requirements coupled with high operational flexibility and mobility in location. According to data from the 73rd round of the National Sample Survey Organization conducted in 2015-16, there are approximately 633.88 lakh unregistered SMEs in India, with 99% of them falling into the micro sector. These enterprises are distributed across various sectors, with 32% engaged in manufacturing activities, 35% in trade, and 34% in other services. In recent years, the MSME sector has emerged as a significant contributor to India's economy, accounting for approximately 36% of the GDP in the fiscal year 2021-22. Moreover, it constitutes a substantial portion of India's total manufacturing output, contributing around 45%, and plays a pivotal role in the country's exports, contributing nearly 40% in value terms. Notably, the sector drives exports in diverse product categories such as sports goods, textiles, handicrafts, leather goods, and more.

SMEs, CREDIT RATING, EVALUATION, CHALLENGES

"EVALUATION OF CHALLENGES OF CREDIT RATINGS ENCOUNTERED BY SMALL AND MEDIUM ENTERPRISES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 4, page no.g609-g615, April-2024, Available :http://www.jetir.org/papers/JETIR2404678.pdf

"EVALUATION OF CHALLENGES OF CREDIT RATINGS ENCOUNTERED BY SMALL AND MEDIUM ENTERPRISES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 4, page no. ppg609-g615, April-2024, Available at : http://www.jetir.org/papers/JETIR2404678.pdf