In a significant move to empower micro, small and medium enterprises (MSMEs) in Uttar Pradesh, the National Stock Exchange (NSE) has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government to create awareness on fundraising opportunities through public offerings.
The MoU was officially exchanged in Lucknow on 17th April between Raj Kamal, Managing Director of the Uttar Pradesh Small Industries Corporation (UPSIC) and Nidhi Maheshwari, Senior Manager at NSE.
As part of the agreement, NSE will assist the UP government in conducting a series of awareness drives, including seminars, MSME camps, knowledge sessions, roadshows and workshops. These initiatives will aim to educate business owners on how to raise capital by launching SME Initial Public Offerings (IPOs) via the NSE Emerge platform.
NSE also confirmed that it will ‘handhold companies’ through the entire listing process, offering guidance and support to make fundraising through capital markets more accessible and streamlined for small enterprises.
The collaboration is expected to accelerate financial inclusion and capital accessibility for MSMEs in one of India’s fastest-growing industrial states.
