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FIT Ranking for MSME’s under SIDBI Mentorship

Published on December 22, 2022
Current Context: FIT ranking has been done for Micro Small and Medium Enterprises by TransUnion CIBIL and Online PSB Loans Limited.
FIT Ranking for MSME’s under SIDBI Mentorship
  • TransUnion CIBIL will collaborate with Online PSB Loan Limited to rank Micro Small and Medium Enterprises.
  • They will rank according to the mentorship of the Small Industries Development Bank of India (SIDBI).
  • FIT Rank will rate the MSME from 1-10 based on their current accounts, Income Tax Returns, and Goods and Service Tax (GST).
  • This will help to increase the credit flow to small businesses and help to reduce loan losses on betting.
  • The ranking will be made with the help of a credit default predictor model based on financial, income, and trade data.
  • Under this ranking, more than 6 crores of MSME will come.
  • FIT rank 1 will be the least risky MSME and FIT Rank 10 will be the most at-risk MSME.
  • FIT Ranking can be used to purchase machinery upto Rs. 50 Lakh under Express Loan Product provided by SIDBI.


Q.1 FIT Ranking is done for which Sector?
a. Micro Small and Medium Enterprises
b. Nutrition Value
c. Cleanliness
d. Minority groups
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