Defence Ministry collaborated with NSE to facilitate capital market access to MSMEs
The MoU was signed by the Additional Secretary, Department of Defence Production (DDP), and Managing Director, NSE in the presence of Defence Secretary Shri Giridhar Aramane.
Ministry of Defence has signed a Memorandum of Understanding (MoU) with the National Stock Exchange to facilitate capital market access to the MSMEs.
The MoU was signed by the Additional Secretary, Department of Defence Production (DDP), and Managing Director, NSE in the presence of Defence Secretary Shri Giridhar Aramane.
The MoU intends to facilitate MSMEs in the defense sector to raise productive capital for their growth plan efficiently and transparently through the NSE platform ‘NSE Emerge’. The platform offers new and viable options for raising equity capital from diversified investors.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : WCL constructs sewage treatment plant at Kalpataru Special School under CSR
The MoU is signed for five years. DDP and NSE would conduct an extensive awareness drive through seminars, MSME camps, knowledge sessions, road shows & workshops to guide corporates engaged with the Ministry of Defence for fundraising on the NSE Emerge platform.
NSE will also assist MSMEs in connecting with intermediaries like merchant bankers, registrars, transfer agents, depositories, etc., and guide them regarding the capital markets, capital raising mechanism, and regulatory compliance and requirements.
This partnership will help MSMEs and emerging companies in the defense sector to scale up their business operations, explore new markets, and fund their R&D activities.
Read Also : Reserve Bank of India imposes monetary penalty on Union Bank of India