NSE joins hands with SIDBI for debt capital platform for MSMEs

NEW DELHI: The National Stock Exchange (NSE) on Tuesday mentioned it has entered right into a pact with Small Industries Development Bank of India (SIDBI) to discover the feasibility of a debt capital platform for the MSMEs.

The entities signed a memorandum of understanding (MoU) for co-operation in numerous ongoing micro, small and medium enterprises (MSMEs)-related initiatives of the 2 establishments, the NSE mentioned in a press release.

SIDBI Deputy Managing Director V Satya Venkata Rao mentioned, “Keeping in view the large and diversified MSME sector in the country, there is a continuous need for various institutions to co-ordinate and co-operate with each other for the benefit of MSME sector.”

According to him, each the establishments run a number of programmes for MSMEs, and the co-operation will assist enhance the influence and attain of those programmes.

He additional mentioned that an professional committee on MSMEs, headed by former Sebi chairman U K Sinha, has made a number of suggestions for the MSME sector. It consists of have to develop further devices for debt and fairness, which is able to assist crystallise new sources of funding for MSMEs. In this regard, SIDBI will look ahead to collectively work with the NSE to discover feasibility of a debt platform for unmet wants of the sector.

NSE Managing Director and CEO Vikram Limaye mentioned the change is wanting ahead to working with SIDBI for exploring feasibility of a debt capital platform for MSMEs and primarily based available on the market suggestions, the bourse will plan the subsequent steps forward.

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