BSE, NSE to promote Odisha MSMEs

BSE, NSE to promote Odisha MSMEs to access capital markets

Bhubaneswar: To enable MSMEs to access capital markets, the Odisha government on Thursday signed MoUs with BSE Ltd and NSE Ltd for facilitating listing of MSMEs.

The MoUs were signed on the occasion of third edition of Make in Odisha Conclave 2022.

BSE and NSE shall provide handholding to MSME to impart trainings and education required for listing and improving financial credibility.

S S Mundra, Chairman BSE, citing the benefits of listing in capital markets suggested to the state to prepare a list of 10-15 MSMEs which could aspire for listing and government can hold seed equity in these through a dedicated corpus till they mature.

Rachana Bhusari, VP-NSE assured her support for listing of state MSMEs on NSE Emerge platform.

Gulshan Malik, Dy Managing Director from SBI appreciated the projects announced by the state and assured all support for industrial growth.

SBI also signed an MOU for financing start ups and MSMEs of Odisha.

Ramann, CMD SIDBI spoke about their commitment to create a Corpus for guaranteeing loans to MSMEs in Odisha which could supplemented by the State to further enhance the quantum of guarantee.

SIDBI would like to partner with the State for onboarding and facilitate digital funding support to MSMEs.