© Reuters.
MUMBAI – The National Stock Exchange (NSE) has entered into a memorandum of understanding (MOU) with the government of West Bengal to propel the growth of micro, small, and medium-sized enterprises (MSMEs) in the state. This strategic alliance aims to create a nurturing environment for SMEs by simplifying regulations and enhancing access to capital markets.
Under the guidance of Chief Minister Smt. Mamata Banerjee, the partnership is set to foster financial empowerment among MSMEs by diversifying their investor base and introducing more efficient capital raising methods. This initiative is part of a broader economic recovery agenda that seeks to boost the state’s economic health through entrepreneurship.
The MOU outlines plans for conducting knowledge sessions that will help local businesses understand how to secure funding by listing on NSE Emerge, the NSE’s platform for SMEs. By providing access to these resources, the alliance is designed to improve the efficiency of capital raising activities and support sustainable expansion within West Bengal’s vibrant MSME sector.
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