Micro, small, and medium enterprises (MSMEs) are going through a challenging phase with rapid changes in technology, trade policy disputes and geopolitical risks. MSMEs contribute significantly to the economic growth, employment generation and to exports. Both government and financial institutions have been creating conducive ecosystem for MSMEs to cope up with existing challenges in fund-raising, marketing, working capital and operations management, technology upgradation and sustain their business.
Lack of adequate knowledge and resources make MSMEs susceptible to rating announcements. Our SME risk assessment tool presents a simple way to have self-assessment of MSME risks. This has two-way benefit in terms of developing internal confidence in performance of the company and risks associated with it. MSMEs can finetune the factors that are causing risks and hindering the growth of the business.
The risk assessment model has dynamic weights to all the attributes and comes out with a rating scale. This tool helps MSMEs internally for using and tracking the risk scores over a period.