• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Ambarish Mukherjee

New Delhi , Jan. 8

SMALL Industrial Development Bank of India (SIDBI) and Dun & Bradstreet are launching a joint venture company to help small and medium enterprises access funds in a more streamlined manner.

Both the partners will hold a 50 per cent stake in the company. US-based Dun & Bradstreet (D&B) already has a presence in India through its subsidiary Dun & Bradstreet Information Services Private Ltd (DBIL). SIDBI has incorporated a company titled SME Rating Agency of India limited (SMERA). DBIL will pick up a 50 per cent stake in SMERA for which the US-based parent company will infuse Rs 2.2 crore to start with, sources said.

DBIL's foreign direct investment proposal has been approved by the Government this week, the sources said. They pointed out that DBIL has been permitted to make the investment either through internal accruals or out of fresh remittances or through a combination of both.

SMERA would be engaged in activities such as scoring analysis, rating, evaluation and appraisal of small and medium enterprises. The sources said that the rating agency would start functioning from the beginning of the next fiscal.

Related Stories:
`SMEs will have to wait to get benefits of ratings'
SIDBI plans credit rating agency for SME sector

More Stories on : Credit Rating | Alliances & Joint Ventures | SSI

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cold wave may last for two more days

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line