NSE and Bengal Govt sign MoU to facilitate fund raising for SMEs

Kolkata: The National Stock Exchange (NSE) and the Government of West Bengal on Wednesday signed an MoU to spread awareness amongst MSMEs of the state regarding fund raising via IPO mechanism using NSE Emerge, which is the SME platform of NSE.
The NSE with the support of the state shall conduct awareness drives through seminars, MSME camps, knowledge sessions, road shows,
workshops to guide corporates across the state for fund raising on the NSE Emerge platform and handhold companies in the listing process.
“Today, at the ‘Bengal Global Business Summit’ held in Kolkata, the Government of West Bengal and National Stock Exchange have entered in a MoU to collaborate and support the growth of MSMEs via NSE Emerge and also setting up an alternative fund platform for state MSMEs. NSE Emerge enables SMEs to raise capital in an efficient manner and increase their visibility through the listing on the stock exchange.
We shall organize awareness sessions for MSMEs of the state in collaboration with the Government and provide a walk-through of the fund-raising process. We urge the MSMEs in the state to come forward and avail the new source of financing through NSE Emerge, ” Chief Business Development Officer, NSE Sriram Krishnan
said.
The MoU exchanged between Special Secretary, MSME & Textiles, Government of West Bengal Debashish Bandyopadhyay, and National Stock Exchange, Mumbai.
UNI

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