Today National Stock Exchange and Government of Rajasthan sign MoU to facilitate fund raising for SMEs in the State
The National Stock Exchange (NSE) and the Government of Rajasthan signed a Memorandum of Understanding (MoU) to spread awareness among MSMEs (Micro, Small and Medium Enterprises) of the state regarding fundraising via IPO (Initial Public Offering) mechanism using NSE Emerge, the SME platform of NSE.
The MoU was exchanged on June 6, 2024, in Jaipur between Shri Ajitabh Sharma, IAS, Principal Secretary of Industries, Government of Rajasthan, and Dr. Harish Ahuja, Senior Vice President, National Stock Exchange.
Key Points of the MoU:
- Promoting Capital Market Access: The collaboration aims to encourage MSMEs from Rajasthan to leverage the capital markets by listing on NSE Emerge and raising funds through IPOs.
- Alternative Funding Source: NSE Emerge serves as an alternative avenue for growing SMEs to access investment opportunities beyond traditional bank loans.
- Economic Growth: By facilitating MSME listings, the partnership contributes to the economic development of Rajasthan and promotes entrepreneurial ventures in the state.