Thegovernment has inked a memorandum of understanding (MoU) with the National Stock Exchange of India Ltd (NSE) to propel the Micro, Small and Medium enterprises (MSMEs) in the state to the next level of Growth by helping them raise funds on NSE Emerge SME exchange.
As part of the MoU, NSE will conduct an awareness drive through seminars, MSME camps, knowledge sessions, road shows and workshops to guide Telangana companies raise capital and handhold them during the listing process.
The State Government, on its part, will facilitate MSMEs to get listed on NSE Emerge by looking at ways to reimburse a Percentage of the expenses incurred on raising funds, subject to a pre-defined upper limit, to encourage them to raise capital through SME exchanges.
The state government will also be looking at setting up a government sponsored Equity participation fund on the exchange platform to invest in the fast-growing SMEs in the state.