+
NSE, UP Govt Sign MoU to Help MSMEs Access Capital Markets
ECONOMY & POLICY

NSE, UP Govt Sign MoU to Help MSMEs Access Capital Markets

The National Stock Exchange (NSE) has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government to help micro, small, and medium enterprises (MSMEs) in the state access capital markets through the NSE Emerge platform.

The agreement was signed in Lucknow between Raj Kamal, Managing Director of the Uttar Pradesh Small Industries Corporation, and Nidhi Maheshwari, Senior Manager at NSE. Senior officials, including MSME Principal Secretary Alok Kumar and Secretary Pranjal Yadav, were also present.

Under the MoU, NSE will support the state in conducting awareness drives, seminars, and MSME-focused roadshows. These initiatives will educate entrepreneurs on raising capital through Initial Public Offerings (IPOs) via the NSE Emerge platform — a platform tailored for small and medium enterprises.

In alignment with the MSME Policy 2022, the state will offer financial assistance of up to Rs 500,000 to eligible enterprises for the listing process.

Sriram Krishnan, NSE’s Chief Business Development Officer, stated that 612 companies have raised over Rs 170.03 billion through the platform, with a current combined market capitalisation of Rs 1.76 trillion.

Source: Elets News Network

The National Stock Exchange (NSE) has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government to help micro, small, and medium enterprises (MSMEs) in the state access capital markets through the NSE Emerge platform. The agreement was signed in Lucknow between Raj Kamal, Managing Director of the Uttar Pradesh Small Industries Corporation, and Nidhi Maheshwari, Senior Manager at NSE. Senior officials, including MSME Principal Secretary Alok Kumar and Secretary Pranjal Yadav, were also present. Under the MoU, NSE will support the state in conducting awareness drives, seminars, and MSME-focused roadshows. These initiatives will educate entrepreneurs on raising capital through Initial Public Offerings (IPOs) via the NSE Emerge platform — a platform tailored for small and medium enterprises. In alignment with the MSME Policy 2022, the state will offer financial assistance of up to Rs 500,000 to eligible enterprises for the listing process. Sriram Krishnan, NSE’s Chief Business Development Officer, stated that 612 companies have raised over Rs 170.03 billion through the platform, with a current combined market capitalisation of Rs 1.76 trillion. Source: Elets News Network

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code